15 Best Blue Chip Stocks to Buy According to Billionaires

10. Salesforce, Inc. (NYSE:CRM)

Number of Billionaire Investors: 23

Number of Hedge Fund Holders: 162

Salesforce, Inc. (NYSE:CRM) designs and develops cloud-based enterprise software for customer relationship management. Its solutions encompass customer service and support, sales force automation, digital commerce, marketing automation, collaboration, community management, industry-specific solutions, and salesforce platforms. It also offers training, guidance, support, and advisory services.

The company is strengthening its AI and data protection capabilities through various initiatives, including the 2024 acquisition of Own Company. The strategic move coincides with the market trends around growing enterprise priorities associated with security and automation.

Analysts are bullish on the stock because of Agentforce, which presents a significant opportunity for the company to capitalize on the elevated demand for AI-powered customer support solutions. Agentforce is an autonomous, proactive AI application that offers specialized support to customers and employees. Since the platform integrates generative AI agents into business workflows, Salesforce, Inc. (NYSE:CRM) holds a strong position in this rapidly evolving market.

In a report released on April 9, Terry Tillman from Truist Financial reiterated a Buy rating on Salesforce, Inc. (NYSE:CRM). On April 6, Jefferies analyst Brent Thill also maintained a buy rating for the company and set a price target of $375.00.

Montaka Global Investments, an investment management company, said the following about Salesforce, Inc. (NYSE:CRM) in its Q4 2024 investor letter:

“There are multiple structural trends in the enterprise software space, including (i) the ongoing cloud migrations and digital transformations of enterprises, and (ii) the infusion of AI into software applications.

While the former remains in its early innings (80-85% of enterprise workloads still reside ‘on-premise’ – many of which will ultimately move to public clouds), the latter remains in its infancy.

Given all the hype of late, it’s hard to fathom that large-scale deployments of AI-based enterprise applications have barely even started. It’s all still to come. And we believe 2025 will be the first year that we really start to see meaningful deployments and adoption of these kinds of applications.

Consider another of our top 10 holdings, Salesforce, for example. Its revenue growth is at a cyclical low. Indeed, at just +8% per annum, as reported in the company’s most recent quarter, its rate of revenue growth has never been lower.

But in 2025, not only will price increases that were announced two years ago boost Salesforce, Inc.’s (NYSE:CRM) revenue growth, but the year will also mark the early stages of adoption of the company’s new ‘Agentforce’ (released only weeks ago). This is a new platform that lets businesses build and deploy their own custom AI agents to automate tasks, improve efficiency, and enhance customer experiences…” (Click here to read the full text)