5 Stocks Jim Cramer Is Talking About Right Now

3. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 136

Wells Fargo has an Overweight rating on salesforce.com, inc. (NYSE:CRM) as of May 30, alongside a $250 price target.

salesforce.com, inc. (NYSE:CRM) had 136 hedge funds long its stock in the first quarter. Their total stake value was $9.1 billion.

Cramer mentioned salesforce.com, inc. (NYSE:CRM) as one of the leaders in the S&P 500 technology sector as well. The stock is up 58.06% year-to-date as of June 3.

Vulcan Value Partners made the following comment about salesforce.com, inc. (NYSE:CRM) in its first-quarter 2023 investor letter:

Salesforce, Inc. (NYSE:CRM) was a material contributor during the quarter. The company has taken numerous positive steps to increase profitability more quickly than expected. Salesforce also improved its corporate governance by recommending three new board members. The company is focused on improving margins, deemphasizing acquisitions, and has expanded its stock buyback plan from $10 billion to $20 billion. We believe Salesforce can pursue these opportunities while continuing to increase its competitive position.

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