30 Best Stocks To Invest In According to Billionaires

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12. Salesforce, Inc. (NYSE:CRM)

No. of Billionaire Investors: 23

Total Value of Billionaire Holdings: $9.03 Billion

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company. The company’s AI-powered platform Agentforce has gained popularity amid the growing demand for AI products and services.

On February 26, Morgan Stanley analyst Keith Weiss maintained a Buy rating on CRM shares and kept the price target at $405 per share. The analyst’s buy rating follows CRM’s robust performance in key investor metrics. In particular, Salesforce’s current remaining performance obligations (cRPO) have grown at 11% on a constant currency basis, exceeding both the company’s guidance and investor expectations.

Salesforce, Inc. (NYSE:CRM) remains a dominant force in the CRM market. The company’s expanding AI and Data Cloud capabilities add to its strength in the CRM market. The company’s Data Cloud and AI segments have reported remarkable growth, with annual recurring revenue reaching $900 million in Q4 2024, up 120% from a year ago. Agentforce has experienced strong adoption, closing 5,000 deals since October 2024, with more than 3,000 being paid. Whereas, Data Cloud continues to scale, surpassing 50 trillion records, doubling year-over-year. Almost half of the Fortune 100 companies are both AI and Data Cloud customers, and the company’s top 10 deals in Q4 each included AI and Data integration.

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