12 Best Dow Stocks to Buy Right Now

6. Salesforce, Inc. (NYSE:CRM)

No. of Hedge Fund Holders: 116

Salesforce, Inc. (NYSE:CRM) is an American cloud-based CRM company. The company operates the Customer 360 platform which offers sales, service, marketing, commerce, integration, AI, analytics, collaboration, automation, and other services. Lately, the company’s AI-powered platform called Agentforce has gained traction.

On January 17, TD Cowen upgraded CRM to Buy from hold with a price target of $400, up from $380. The analyst believes that the buzz around the company’s AI tool has cooled since its launch and it is a good opportunity to buy the stock. On January 21, Piper Sandler analyst Brent Bracelin reiterated an Overweight rating on CRM shares and set a price target of $405. The firm believes that Agentforce brings a competitive advantage to the company and it could sell more services around the AI hype. However, Bracelin expects CRM’s AI agent tool will take time before it starts generating revenue until fiscal year 2027.

On January 21, during the World Economic Forum in Davos, Switzerland, the company’s CEO Marc Benioff highlighted that they closed 200 deals in Q3 FY2025 and expect to close thousands of Agentforce deals in Q4. Companies already have a lot of their data on Salesforce CRM software, allowing a smooth option to explore Agentforce to access existing information and automate the system. The AI agent holds the potential and could unlock a promising opportunity for Salesforce, Inc. (NYSE:CRM) going ahead.