10 AI Stocks Making Waves on Wall Street

2. 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 Friday, January 17, TD Cowen upgraded Salesforce (CRM) to “Buy” from Hold with a price target of $400, up from $380. The firm said that shares of the company went up at the end of 2024 due to the buzz around Salesforce’s AI tool Agentforce. However, now that they have pulled back, it is a good opportunity to buy them. The firm also revealed that its IT Survey came back positive for Salesforce, and that “recent checks” regarding the interest around Agentforce have also been “highly constructive”. The firm also sees “several new growth levers emerging” for Salesforce for 2025 and 2026.

“We upgrade CRM from Hold to Buy and raise our PT to $400. Following a strong end of ’24 rally on the heels of Agentforce excitement, shares have pulled back, creating a compelling entry point”.