10 AI Stocks Investors Are Watching

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 121

Salesforce, Inc. (NYSE:CRM) is one of the 10 AI Stocks Investors Are Watching. On November 12, Cantor Fitzgerald maintained its “Overweight” rating on the stock with a price target of $325.00. The firm’s bullish outlook is driven by its solid free cash flow outlook and overall long-term growth prospects.

Cantor believes that Salesforce boasts a robust position within enterprise environments, allowing it to drive sustainable growth and strong free cash flow generation for “a long time to come.”

Moreover, it believes that the AI-fueled fears disrupting Salesforce are overstated, and that they are in turn creating an “attractive risk/reward setup for investors with some duration.”

“At 16x P/NTM FCF, CRM is trading near its all-time low multiple. We think 20–25x is more appropriate for a business of this quality and FCF growth/margin expansion potential.”

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.