Top 10 Stocks on Analysts’ Radar These Days

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Funds Investors: 116

Jackson Ader, Analyst at KeyBanc Capital Markets, explained in a latest program on CNBC why he continues to be bullish on Salesforce Inc (NYSE:CRM) following the latest quarterly report. The analyst has a $440 price target on the stock.

“I really like that Salesforce has a very specific use case in the front office. It’s not—it’s very easily definable. I would like this sales agent to give me a hundred new leads. I would like this marketing agent to write me some marketing copy so that I can send an automated email to a certain targeted list. The difference here is that Salesforce has very definable use cases, definable agents that can be deployed quickly, and then they also have the data underlying it in the Salesforce Data Cloud, where the agents can actually become very smart and use the Data Cloud as the retrieval-augmented generation model to then go out and do smart things, rather than a blanket of “I’m going to help you do your knowledge work with it,” which is sometimes what some of their other competitors are trying to roll out.”

Mar Vista Global Quality Strategy stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q4 2024 investor letter:

“Investors cheered a solid fiscal year Q3 performance from Salesforce, Inc. (NYSE:CRM), with results driven by strength in subscription revenues, current remaining performance obligations (CRPO), and operating margin. Both the Sales and Service Clouds returned to double-digit growth, fueled by strong adoption of multi-cloud and vertical-specific solutions. These results highlight Salesforce’s ability to address diverse customer needs and sustain growth across its core offerings.

Management expressed significant excitement about Agentforce, an organically developed generative AI product that is garnering enthusiasm from both system integrator partners and customers alike. This innovation underscores Salesforce’s commitment to delivering innovative solutions that enhance customer engagement and drive productivity. While Agentforce’s contributions to subscription revenues and CRPO bookings are still immaterial for now, the growing pipeline provides a solid foundation for optimism around Salesforce’s ability to productize and monetize its generative AI offerings.”