10 Trending AI News Updates on Investors’ Radar

5. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

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 19, Redburn Atlantic analyst Omar Sheikh initiated coverage of the stock with a “Buy” rating and a $400 price target. On the same day, Stifel Nicolaus analyst J. Parker Lane maintained a “Buy” rating on the stock and set a price target of $425.00.

Lane’s buy rating stems from the growing interest and optimism around Salesforce’s AI-powered Agentforce. Albeit still being tested and deployed by customers, the analyst stated that it has garnered significant attention.

Salesforce is doing everything it can to promote Agentforce’s broader adoption, including promoting it in its customer base, dedicating resources to research and development (R&D), and implementing go-to-market strategies.