15 AI News Investors Should Not Miss

Page 11 of 14

4. Salesforce Inc (NYSE:CRM)

Number of Hedge Fund Holders: 117

Salesforce Inc (NYSE:CRM) is an American cloud-based software company engaged in the design and development of cloud-based enterprise software. Their offerings include CRM solutions that incorporate advanced artificial intelligence features. Its recent innovation in AI technology is Agentforce, an AI development platform that allows organizations to create, customize, and deploy intelligent agents.

On October 25, Analyst Keith Weiss from Morgan Stanley maintained a “Buy” rating on the stock and kept the price target at $330. The reaffirmation comes from several factors that emphasize the company’s potential for revenue growth and cost efficiency. Moreover, the company’s Agentforce plays a key role in its promising outlook and is expected to deliver substantial returns on investment as well as positively impact revenue. As per Weiss, the company’s shares are currently undervalued, implying that the market hasn’t realized its full potential yet. The anticipated wider adoption of Agentforce is further expected to enhance Service Cloud contracts significantly.

Page 11 of 14