5 Best Stocks for Long-Term Growth

1. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

Salesforce, Inc. (NYSE:CRM) has long-term growth potential and is one of the best long-term stocks to buy now. Some of the company’s high-end clients include Amazon.com, Inc. (NASDAQ:AMZN), Walmart Inc. (NYSE:WMT), and Spotify Technologies (NYSE:SPOT). The company is reportedly targeting a revenue of $50 billion and growing its operating margins by 25% by the end of fiscal 2026. Salesforce, Inc. (NYSE:CRM) is a leader and innovator in CRM software and is expected to capture further market share as businesses go digital and integrate CRM solutions to become more efficient. As of October 6, Salesforce, Inc. (NYSE:CRM) is worth $155 billion. On September 21, insurance software developer Zywave announced a collaboration with Salesforce, Inc. (NYSE:CRM) to use CRM solutions for insurance agency sales and client services to enhance customer experience.

Wall Street is bullish on Salesforce, Inc. (NYSE:CRM). On September 22, Jefferies analyst Brent Thill maintained his Buy rating and $250 price target on Salesforce, Inc. (NYSE:CRM). This September, JPMorgan analyst Mark Murphy reiterated a buy-side Overweight rating and his $245 price target on Salesforce, Inc. (NYSE:CRM).

At the end of the second quarter of 2022, 116 hedge funds held stakes in  Salesforce, Inc. (NYSE:CRM). This is compared to 114 hedge funds in the preceding quarter. As of June 30, Fisher Asset Management is the largest shareholder in the company and has stakes worth $2.58 billion.

You can also take a look at 12 Best Hemp Stocks To Buy and 11 Best Big Data Stocks To Invest In.

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