UBS’ Top Tech Based Disruptive Stocks For 2030: Top 29 Stocks

7. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders In Q2 2024: 117

Salesforce, Inc. (NYSE:CRM) is a customer relationship management software products provider. The firm’s specific focus on the human resource market ties its fate closely to the economy and particularly to the labor market. As a result, Salesforce, Inc. (NYSE:CRM)’s shares are up by a weak 13% year to date as investors struggled to keep faith in the labor market amidst the Fed’s 24 year high rate hike cycle. Salesforce, Inc. (NYSE:CRM)’s stock was the perfect illustration of the SaaS industry’s thirst for growth in May. This was because the shares tanked by 19.7% after first quarter revenue of $9.13 billion missed analyst estimates of $9.17 billion despite marking an 11% annual growth. Key to evaluating Salesforce, Inc. (NYSE:CRM)’s performance is its bookings, as they indicate customer interest in the product. Looking ahead, improvement in the labor market and the economy should drive the stock.

Salesforce, Inc. (NYSE:CRM)’s management shared details about its plans to increase deal value during the Q1 2025 earnings call:

“Data Cloud gives every company a single source of truth and you can securely power AI insights and actions across the entire Customer 360.

Now let me tell you why I’m excited about Data Cloud and why it’s transforming our customers and how it’s preparing them for this next generation of artificial intelligence. Data Cloud was included in 25% of our $1 million plus deals in the quarter. We added more than 1,000 data cloud customers for the second quarter in a row. 8 trillion records were ingested in the Data Cloud in the quarter, up 42% year-over-year and we processed 2 quadrillion records, that’s a 217% increase compared to last year. Over 1 trillion activations drove customer engagement, which is a 33% increase year-over-year. This incredible growth of data in our system and the level of transactions that we’re able to deliver, not just in the core system but especially in data cloud is preparing our customers for this next generation of AI.”