10 Best Stocks to Buy According to Billionaire Chris Rokos

6. Salesforce, Inc. (NYSE:CRM)

Rokos Capital Management’s Stake as of Q4 2024: $156.3 million

Number of Hedge Fund Holders: 162

Salesforce, Inc. (NYSE:CRM) is a leading IT company headquartered in San Francisco that specializes in Customer Relationship Management (CRM) technology. The company’s core AI service, Data Cloud, uses 8 trillion data points to improve CRM, resulting in smarter insights and better customer engagement. Overall, the company provides cloud-based software solutions to more than 150,000 enterprises.

On April 9, Truist Securities confirmed its Buy rating for Salesforce, Inc. (NYSE:CRM) and set a price target of $400. The endorsement follows an update on one of the company’s key growth sectors, Salesforce Industries. Salesforce Industries announced a significant $5.7 billion in annual recurring revenue (ARR) for fiscal year 2025, representing a 20% year-over-year growth. This increase more than doubles the company’s total revenue growth of 9% during the same period. The update focused on the success of industry solutions, the potential high-value effect of the company’s agentic AI platform, Agentforce, and the opportunities for collaboration between industry solutions and other applications and data sectors.

Vulcan Value Partners stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q1 2025 investor letter:

“There were five material detractors: Salesforce, Inc. (NYSE:CRM), Amazon. com Inc., Microsoft Corp., Alphabet Inc., and Skyworks Solutions Inc. Salesforce is the world’s leading SaaS vendor for customer relationship management (CRM) and salesforce automation (SFA) software. Growth guidance for the upcoming year was less than anticipated, indicating monetization of Salesforce’s Agentforce will take time. However, the company has already closed thousands of Agentforce deals, it expects Agentforce’s contribution to revenue to ramp throughout the current year, and contribute more significantly the following fiscal year.”