10 AI News Updates Making Waves on Wall Street

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 the launch of its AI-powered platform called Agentforce. On February 24, Morgan Stanley analyst Keith Weiss maintained a “Buy” rating on the stock and set a price target of $405.00. Weiss’ buy rating stems from Salesforce’s attractive valuation and strong positioning in the GenAI market. Even though there are currency fluctuations and management challenges, the analyst is very optimistic about the company’s long-term prospects.

The firm also noted how expectations may be toned down in the short run as Robin Washington, the new CFO, may adopt a prudent approach to guidance. Moreover, the strategic acquisitions of Own Company and Zoomin will likely contribute positively in fiscal year 2026. There has also been significant interest in the company’s AI-powered Agentforce, reflecting on its potential for considerable customer engagement and deal closures in the coming years. Given these reasons, Weiss considers the current valuation as “undemanding” compared to peers.