10 Most Promising Cloud Stocks According to Analysts

8. Salesforce, Inc. (NYSE:CRM)

Potential Upside: 46.96%

Number of Hedge Fund Holders: 119

Salesforce, Inc. (NYSE:CRM) and the US Army reached an agreement on January 26, which will enable the company to improve the Pentagon’s data analytics capabilities and deploy AI agents. It is an indefinite-delivery, indefinite-quantity (IDIQ) contract worth up to $5.6 billion, with a 5-year optional extension period. In a press release, the company said the following about the deal:

”Through the new contract, the Army and the DOW can leverage Salesforce’s trusted data fabric and compliant cloud technologies as the foundation for its agentic enterprise and accelerate decision-making, optimize operations, and improve support for millions of warfighters, civilian personnel, industrial base partners, and dependents.”

On January 20, Deutsche Bank analyst Brad Zelnick lowered the firm’s price target for Salesforce, Inc. (NYSE:CRM) stock from $360 to $325 while maintaining a Buy rating. The revised price target still offers a further 43% upside from the current levels. This upside is consistent with the median Wall Street analysts’ upside estimate of 51% based on 58 analysts covering the stock.

Salesforce, Inc. (NYSE:CRM) operates as a provider of customer relationship management technology. The company’s technology connects global customers and companies. It offers Agentforce, Salesforce Starter, Slack, Tableau, Industries AI, and integration and analytics solutions. The company was founded in 1999 and is based in San Francisco, California.