10 AI Stocks Taking Wall Street by Storm

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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 the launch of its AI-powered platform called Agentforce. On February 24, TipRanks reported that Monness analyst Brian White maintained their neutral stance on the stock, giving a “Hold” rating on February 19. White’s rating comes from both Salesforce’s current market position and future prospects.

According to the analyst, the company is progressing well thanks to its AI-powered Agentforce 2.0 platform and will possibly benefit from ongoing digital media trends. However, there are challenges stemming from a competitive and fragile macroeconomic environment. Another layer of uncertainty arises from ongoing executive changes, with a new President and Chief Operating & Financial Officer set to start soon. The firm further highlighted how Salesforce will meet earning expectations and growth in subscription sales, but internal transitions and market conditions signify a cautious approach.

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