244.70 -0.35 (-0.14%)
After hours: 4:42PM EDT
|Bid||244.78 x 1000|
|Ask||245.88 x 2200|
|Day's range||236.80 - 245.13|
|52-week range||115.29 - 284.50|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||94.58|
|Earnings date||01 Dec 2020 - 07 Dec 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||273.42|
The season for initial public offerings (IPOs) is in full swing. Private companies are rushing to public markets in order to cash in on established success, as well as raise funds to power future growth. Should you join the Snowflake party or purchase stakes in the handful of other high-profile companies making their public debut?
Intuitive Surgical (NASDAQ: ISRG), Beyond Meat (NASDAQ: BYND), and Salesforce (NYSE: CRM) are three of the more expensive stocks on the markets right now. Now that the economy's no longer in shutdown mode and hospitals are taking on elective procedures, companies like Intuitive Surgical -- which makes the da Vinci series of surgical systems -- are doing better than they were just a few months ago. With fewer procedures during the period, there was less demand for the company's surgical systems.
In a case of bizarre timing, Salesforce announced it was laying off 1,000 employees at the end of last month just a day after announcing a monster quarter with over $5 billion in revenue, putting the company on a $20 billion revenue run rate for the first time. Earlier today, Salesforce CEO and co-founder Marc Benioff announced in a tweet that the company would be hiring 4,000 new employees in the next six months, and 12,000 in the next year. Salesforce will add 4K jobs over the next 6 mos & 12K over the next year.