Goldman Sachs Tech Stocks: 10 Stocks to Buy

8. Salesforce, Inc. (NYSE:CRM)

Number of hedge fund owners – 116

Salesforce, Inc. (NYSE:CRM) is a leading American cloud-based software company specializing in customer relationship management (CRM) solutions. Over the years, the company has established itself as a dominant player in the CRM industry, holding an estimated 58.7% market share in the CRM System Providers industry.

Salesforce, Inc. (NYSE:CRM) reported strong fiscal year 2025 results, with revenue reaching $37.9 billion, a 9% increase year-over-year. Fourth-quarter revenue grew 8% to $10 billion, while subscription and support revenue rose 10% to $35.7 billion. However, the company’s growth rate has slowed from its historical 20%+ annual increases to single-digit expansion in recent years.

To reignite momentum, Salesforce, Inc. (NYSE:CRM) is betting on artificial intelligence. The company launched Agentforce, an AI-powered automation platform, which has seen rapid adoption. Analysts remain bullish, with Morgan Stanley maintaining an “Overweight” rating and a $405 price target, citing AI as a key growth driver.

Despite solid earnings, forward guidance for Salesforce, Inc. (NYSE:CRM) disappointed investors. Its fiscal Q1 and full-year revenue forecasts fell short of expectations, raising concerns about the sustainability of its growth. The stock has struggled, declining year-to-date.

Financially, the company remains strong, with net income surging 50% year-over-year to $6.2 billion and EBITDA reaching $11.14 billion. Analysts maintain an average price target of $379.26, signaling a potential upside.