10 AI Stocks Making Headlines This Week

6. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 162

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. On March 26, Kirk Materne from Evercore ISI maintained a Buy rating on the stock with a price target of $420.00. The analyst stated that even though Salesforce continues to evolve its pricing model, many customers are waiting for more predictable pricing for the offering. The Agentforce platform enables clients to deploy artificial intelligence-powered agents that are capable of performing various tasks across an enterprise.

“While we understand the trepidation regarding usage pricing in terms of visibility/CRPO, our customer discussions indicate the vast majority of enterprises are going to want pricing that is more predictable (i.e. pre-buy or up-front commit).”

-Evercore analysts, led by Kirk Materne, in a Wednesday investor note.

Data cloud and AI annual recurring revenue totals more than $900M, with about $600M stemming from Data Cloud and the rest from Agentforce, Slack AI, and Assisted Agents.

“On the agent front, see customers experimenting across a number of vectors in terms of traditional front office competitors (i.e. MSFT), start-ups, and LLM vendors (DIY route). Believe that the time to value offered by Agentforce ultimately wins out against DIY at most enterprises.”