8 Best AdTech Stocks to Buy Now

4) Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 154

Salesforce, Inc. (NYSE:CRM) offers enterprise cloud computing solutions. It provides customer relationship management (CRM) technology, bringing companies and customers together.

Recently, Workday, Inc. (NASDAQ:WDAY) collaborated with Salesforce, Inc. (NYSE:CRM) to roll out a new product that makes use of Al to make workspace tasks efficient. Apart from this, it offers stronger data analytics tools. Wall Street analysts believe that this collaboration should work in favor of both companies.

While, in 1Q 2025, Salesforce, Inc. (NYSE:CRM) missed revenue estimates, the investors need to look at the bigger picture. This was the 2^nd instance in 20 years in which the company missed estimates of Wall Street. The company has expanded its margins and profitability. It saw an adjusted operating margin of 32.1%, exhibiting a rise of 450 basis points as compared to the previous quarter. Its operating cash flow went up by ~39% to reach $6.25 billion, with FCF climbing 43% YoY to $6.08 billion.

Earlier, Salesforce, Inc. (NYSE:CRM) announced the launch of the Einstein 1 platform and the Einstein Copilot feature.

BMO Capital Markets believes that most of the customers who have adopted Copilots are doing so in an experimental manner as they are adopting 5% – 10% of the relevant user base. The brokerage views that Copilot’s impact on revenues is expected to be meaningful in fiscal 2026.

Analysts at Wolfe Research gave an “Outperform” rating, giving the price target of $365.00 on shares of Salesforce, Inc. (NYSE:CRM) on 16th April.

A total of 154 hedge funds in Insider Monkey’s database of 920 funds had stakes in Salesforce, Inc. (NYSE:CRM).

Polen Capital, an investment management company, released its second quarter 2024 investor letter and mentioned Salesforce, Inc. (NYSE:CRM). Here is what the fund said:

“Salesforce, Inc. (NYSE:CRM) declined nearly 20% due to a slowdown in revenue and bookings growth, part of a wider trend we’ve observed across enterprise software as companies defer spending on large projects given the uncertain macroeconomic environment. As mentioned, there has been an emerging narrative about prioritized spending on AI, cloud, and security over enterprise software spending that could eventually impair seat-based software over the longer term. Though there may be some near-term shifts in dollars toward GenAI, we believe the market for mission-critical enterprise software will remain robust well into the future. We will monitor the position closely, but we continue to believe that Salesforce is well-placed with its mission-critical software and high customer retention rates to weather these headwinds, lean on pricing power, and effectively monetize generative AI in its product suite.”