10 AI Stocks Gaining Wall Street’s Attention

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 162

On May 29, Wells Fargo analyst Michael Turrin raised the price target on Salesforce, Inc. (NYSE:CRM) to $275.00 (from $255.00) while maintaining an “Equal Weight” rating. Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.

According to Turin, first-quarter results were satisfactory considering mixed enterprise trends and the timing of the Informatica deal. The company’s unchanged guidance for fiscal year 2026 was also a positive sign, even though it is likely that the stock moves sideways, driven by the uncertain economic environment and pending developments until fiscal year 2027.

Moreover, the analyst talked about the mixed momentum with Salesforce’s Data Cloud and Agentforce. Turrin also expressed skepticism regarding the Informatica deal, stating that there are more modern alternatives available in the market. The analyst also expects the narrative around Salesforce’s AI capabilities to remain unchanged until the Informatica deal finalizes.

“Against a lowered bar given mixed results across enterprise & INFA deal timing, 1Q results were fine & FY26 cc guide across-the-board was unchanged. Still expect shares to trade sideways in uneven macro & INFA pending until FY27. Stay EW, PT to $275. Data Cloud/Agentforce momentum mixed; enter M&A: Data Cloud & AI ARR surpassed $1Bn, still growing >120% y/y but implying ~$100Mn in NNARR. Also, Agentforce was quantified at ~$100Mn ARR with 8K cumulative deals, 4K paid, and 800 live. This suggests $25K/deal and a down-tick in paid-to-free ratio & net new paid deals (~1K vs ~3K in 4Q). Unless defensive, we continue to struggle w/ rationale behind INFA (vs more modern alternatives) & expect AI story to trend sideways until deal closes in Feb.”