Jim Cramer’s Bold Predictions About These 10 SaaS Stocks

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1. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders In Q3 2024: 116

Date of Cramer’s Comments: 8-29-24

Performance Since Then: 30.63%

Salesforce, Inc. (NYSE:CRM) is a customer relationship management SaaS software provider. It is one of the biggest players in the industry, with estimates suggesting that Salesforce, Inc. (NYSE:CRM) commands a 21.7% market share. The stock rose by 3% in November after the presidential election win. Then the shares soared by 11% in December after the firm’s fiscal Q3 earnings report shared fiscal 2025 revenue guidance of $37.9 to beat analyst estimates of $37.86 billion. Salesforce, Inc. (NYSE:CRM) also announced that it had signed 200 deals for its Agentforce AI platform within a week of launch. Here’s what Cramer said in August:

“Last night, we heard from Salesforce CEO Marc Benioff, who discussed how his Agentforce AI platform is starting to gain traction. Agentforce helps companies create fully autonomous AI sales and service agents. Benioff shared some exciting developments, mentioning companies that have already deployed Agentforce and seen meaningful results.

“Salesforce’s new AI initiative will lead to a massive expansion of gross margins, as bots are much cheaper than people. We’ll learn more at the company’s annual Dreamforce Festival in three weeks. Again, it’s not a barn burner, but that’s the point of artificial intelligence: it doesn’t burn barns; it simply imitates us, which can be very valuable for businesses. That stock should have been up, not down today, because the use cases were so compelling. I don’t know what happened; it was a mistake, to me.”

CRM is a SaaS stock Cramer talked about in August. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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