5 Best Dow Stocks To Buy Now

In this article, we’re going to present 5 best Dow stocks to buy now based on their performance and their popularity among smart money investors. To find out why you should consider investing in Dow stocks and what other companies have made the list, check out 10 best Dow Stocks to Buy Now.

5. salesforce.com, inc. (NYSE:CRM)

Salesforce.com, inc. (NYSE:CRM), whose shares surged by more than 35% since the beginning of the year, as the company has been continuously posting double-digit revenue growth. For the last quarter, salesforce posted revenue of $5.24 billion, up by 20% on the year, which represented the slowest growth in years. Nevertheless, the revenue as well as EPS of $1.74 topped the consensus estimate by $162.50 million and $0.99, respectively.

Earlier this month, salesforce.com, inc. (NYSE:CRM) signed a definitive agreement to acquire Slack Technologies Inc (NYSE:WORK) for nearly $28 billion, including $26.79 billion in cash. The deal, is expected to close during the second quarter of fiscal 2022. Analysts received the deal with mixed opinions, with some expressing concerns that the value might be too high, while others saying that the synergies that the deal would offer would pay off. Among the analysts that remained or became bullish on salesforce are Raymond James, Wedbush, and CFRA, with the latter upgrading the stock to Strong Buy and raising the price target to $309. On the other hand, Citi, MKM Partners, Cowen, and Wells Fargo, where among those who downgraded the stock on the back of the announcement.

There were 106 funds tracked by Insider Monkey that held shares of salesforce.com, inc. (NYSE:CRM), down by one over the quarter. However, the total value of these funds’ positions appreciated to $11.09 billion from $9.77 billion. Billionaire Ken Fisher’s Fisher Asset Management holds nearly $3.0 billion worth of salesforce.com, inc. (NYSE:CRM)’s shares. Other shareholders include Brad Gerstner’s Altimeter Capital Management, Raiv Jain’s GQG Partners, and David Goel and Paul Ferri’s Matrix Capital Management.

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