10 Best SaaS Stocks to Buy According to Billionaires

Page 8 of 8

1. Salesforce Inc. (NYSE:CRM)

Number of Billionaire Investors: 23

Billionaire Holdings: $9.0 Billion

Number of Hedge Fund Holders: 162

Salesforce Inc. (NYSE:CRM) is a global leader in customer relationship management (CRM) software. Its cloud-based platform provides solutions for sales, service, marketing, and commerce, enabling businesses to build stronger customer connections using the power of data and AI. Salesforce’s AI-driven tools, including Einstein, offer predictive insights and automation to boost productivity.

Similar to its February announcement of $500 million investment in Saudi Arabia, the company recently announced a $1 billion investment in Singapore over five years to drive digital transformation and promote Agentforce, aiming to address labour shortages in essential sectors. On the financial front, Salesforce Inc. (NYSE:CRM) continued to perform strongly as visible from its FY 2025 results. The company reported $37.9 billion in revenue (up 9% YoY), $63.4 billion in RPO (up 11% YoY), and a 31% rise in free cash flow to $12.4 billion. However, FY 2026 revenue guidance of $40.5-$40.9 billion fell modestly below the $41.5 billion consensus estimate.

The street remains largely positive on the stock. On March 7, Goldman Sachs analyst Kash Rangan reiterated his Buy rating on the company with a price target of $400, indicating a robust 43% upside potential. A day earlier, Barclays analyst Raimo Lenschow also reaffirmed a Buy rating on the shares with a price target of $425.

While we acknowledge the potential of CRM to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 8 of 8