Prediction: 3 Stocks That Will Be Worth More Than Salesforce 3 Years From Now
Salesforce (NYSE: CRM) went public at a split-adjusted price of $2.75 per share in 2004. A $10,000 investment in its initial public offering would be worth about $930,000 today. The cloud software giant dazzled investors with its rapid growth and the inorganic expansion of its ecosystem across the sales, marketing, e-commerce, and analytics markets.
But over the past three years, the stock has risen only about 6% as the has advanced 23%. The cloud leader lost its luster as its revenue growth cooled off. Salesforce still has a market cap of about $250 billion and will likely remain one of the world's largest cloud companies, but three of its industry peers might eclipse its valuation over the next three years.
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Source Fool.com
