Salesforce Gets Added to Dow Jones Industrial Average. Is it Time to Buy or Sell?

By Austin Hankwitz – Sep 17, 2020 at 8:43AM

NYSE: CRM

Salesforce

Market Cap

$264B

Today's Change

(-1.59%) -$4.40

Current Price

$271.92

Price as of April 18, 2024, 4:00 p.m. ET

Salesforce just got added to the prestigious index, but can it keep up with its breakneck growth pace forever?

Salesforce (CRM -1.59%) was recently added to the Dow Jones Industrial Average. This is big news for an already mammoth tech company. But the Dow requirements for joining the prestigious index are "only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors."

This addition to the DJIA coupled with a stellar earnings report caused Salesforce stock to soar +38% as of this writing. So is it overvalued? Or can Salesforce really live up to the hype? Watch this video to find out.

Austin Hankwitz has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Salesforce.com. The Motley Fool has a disclosure policy.