5 Reasons I Like Salesforce Stock
Salesforce (NYSE: CRM) is one of the iconic Silicon Valley stocks that dominated the market for much of the last two decades, essentially creating the software-as-a-service (SAAS) category and giving shareholders a 3,500% return since its public debut in 2004.
Salesforce's blue-chip status was made official when it was added as a component of the 30-stock Dow Jones Industrial Average in 2020, in what looked like a promising starting point for another decade of stock market dominance. But over the past year, the market hasn't been quite as kind to the specialist in customer-relationship management software, with share prices down 50% from their 52-week high. With the stock's valuation cut in half, this long-term winner finds itself in unfamiliar territory.
But the sell-off could be a buying opportunity before another fruitful decade ahead. Here are five reasons why Salesforce looks like an attractive investment at these levels.
Source Fool.com
