10 AI News Investors Should Not Miss

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained traction after the launch of its AI-powered platform called Agentforce. On December 5, BofA analyst Brad Sills raised the firm’s price target on Salesforce (NYSE:CRM) to $440 from $390 and kept a “Buy” rating on the shares. The company’s strong growth prospects and efficiency have led to the rating.

The company’s strong Q3 results reflect its successful launch of Agentforce, its artificial intelligence platform, and allowed it to prove its leadership in the agentic AI cycle. The launch has not only sparked customer interest but also boosted its core Sales and Service Clouds. Strategic initiatives such as integrating Agentforce across 200 deals only shortly after its release further demonstrate the company’s growth potential. The company’s Q3 operating margin of 33.1% exceeds expectations owing to streamlined sales and internal use of Agentforce. With a strong Q4 outlook and early deal successes, Salesforce is well-positioned for continued growth and profitability, leading to the Buy rating.