Salesforce.com Stock over $100 USD
August 2, 2010
For anyone who bought Salesforce.com stock on Feb 20th of 2009, it might be time to take some profits if you haven’t already done so. At the moment, NYSE: CRM is trading at just over $102. This represents a 280%+ gain from the low at the bottom of the financial melt down in 2009.
I always thought Salesforce was a stock to keep an eye on since I started this blog and the company shows no signs of slowing down in terms of growth or number of applications they can build solutions for. What will be interesting to see is if the stock can stay above $100 for the medium to long term or whether this is just a short term bump up.
What are your thoughts as to its long term potential?
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