GTC Recap and Beyond: 10 AI Stocks on Investor’s Radar

8. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 162

Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. On March 19, Stephens analyst Brett Huff initiated coverage of the stock with an “Equal-Weight” rating and a $311 price target. The rating was issued as part of a broader research note coverage on Application and Enterprise software names.

The analyst told investors in a research note that Salesforce was right in betting on artificial intelligence, adding that it is monetizing AI best out of all its covered companies. However, the firm also contended that its systems are older legacy tech, making growth harder in those markets. It also stated that a large part of the AI excitement is built into the current valuation of the stock.