Top 10 AI Stocks on Investors’ Radar

4. 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, Bank of America analyst Bradley Sills reiterated a Buy rating and a $400 price target, representing a potential 43.51% upside for Salesforce stock. According to Sills, it’s time for investors to buy as CRM shares have the potential for “quality growth at a reasonable price.”

Sills is bullish on the stock as it believes that Salesforce has huge growth potential, particularly on the back of Data Cloud, its hyperscale data platform, which has shown significant annual recurring revenue growth. Ongoing productivity efforts within the organization further position the company toward margin expansion and free cash flow growth. Despite high sales and marketing expenses, Salesforce can benefit from strategies such as optimizing account executive ratios, leveraging partnerships, and enhancing product packaging.