10 AI Headlines You Shouldn’t Miss

2. Salesforce Inc (NYSE:CRM)

Market Capitalization: $319.73 billion

Salesforce Inc (NYSE:CRM) is a cloud-based CRM software. It is one of the best stocks in the AI, Growth, and Low Rates Era, integrating artificial intelligence as a core component in its business operations.

Bank of America Securities analyst Bradley Sills reiterated a “Buy” rating on Salesforce Inc (NYSE:CRM), boosting the price target to $390.00 from $325. The analyst considers Salesforce Inc (NYSE:CRM) as a top pick, noting the company’s strong potential for future growth, notably in key areas such as Sales/Marketing and Service Clouds. The company’s new AI-powered platform, Agentforce, is also garnering interest and is expected to boost data cloud deals and contribute to long-term growth. Sills also anticipates that the platform will enhance subscription growth in the coming years, reaffirming the buy rating.

“A round of calls with partners suggests largely in-line deal activity, consistent with Q2. Key takeaways: 1) steady growth in Sales/Marketing Clouds & Service Cloud, 2) health care/life sciences, financial services & government verticals continued to outperform.”