10 Buzzing AI Stocks on Wall Street

6. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 121

Salesforce, Inc. (NYSE:CRM) is one of the  10 Buzzing AI Stocks on Wall Street. On September 4, KeyBanc analyst Jackson Ader lowered the price target on the stock to $400.00 (from $440.00) while maintaining an Overweight rating.

According to the firm, there is a persistently negative narrative surrounding the application software sector which also seems to be impacting Salesforce shares regardless of the company’s actual performance.

It further noted how throughout the recent earnings season, software companies were facing downward pressure regardless of their reported results.

“Stocks are not companies and companies are not sectors, but it feels to us like the shares of Salesforce are the linear embodiment of the application software sector. No matter what the current state of the Company, the narrative is negative and just about impossible to disprove. We are wrapping up an earnings season where it almost didn’t matter what the results were, weakness was to follow. When the terminal value is being questioned, a point of constant currency outperformance in the quarter simply isn’t the answer.”

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