Top 10 AI Stocks to Watch: Latest News and Ratings

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained significant traction after the launch of its AI-powered platform called Agentforce. On December 12, Macquarie analyst Steve Koenig initiated coverage of Salesforce with a “Neutral” rating and a $370 price target. The analyst told investors in a research note that Salesforce CEO and founder Marc Benioff is aiming to position the company as a “digital labor” pioneer with the new Agentforce product. The move strives to target growth as share gains stall and the company faces slowing momentum. Even though there is excitement and interest around Agentforce, there may be some challenges, the analyst noted. In particular, the consumption-based pricing model of Gen AI functionality could disrupt Salesforce’s current seat-based revenue model.  In addition, Salesforce’s sequential revenue additions have been declining for three years, a key concern for the firm. As such, meeting market expectations requires a turnaround.