10 AI Stocks Surging on News and Ratings

5. 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 it unveiled its AI-powered platform called Agentforce. On May 12, Bradley Sills from Bank of America Securities maintained a “Buy” rating on the stock with a price target of $350.00. Sills’ buy rating stems from the company’s steady growth in its Sales Cloud business.

He noted how Sales Cloud is an important component of Salesforce’s growth strategy, and that factors such as increased adoption of its AI-powered platform Agentforce and upselling opportunities with Revenue Cloud and Industry Cloud could boost growth from a steady 9-10% to a sustainable 12%.

Being the core of Salesforce’s CRM platform, Sales Cloud has the potential to lead the market. The company is also likely to experience significant industry growth on the back of its integrated platform, business intelligence capabilities, and AI innovations.