10 Most Promising Technology Stocks to Invest In

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1. Salesforce, Inc. (NYSE:CRM)

Analyst Upside: 41.20%

Number of Hedge Fund Investors: 121

Salesforce, Inc. (NYSE:CRM) is one of the most promising technology stocks to invest in. On August 18, UBS lowered the price target on Salesforce, Inc. (NYSE:CRM) from $300 to $260, keeping its Neutral rating on the stock.

Karl Keirstead from UBS made a downgrade in CRM’s price target, showing signs of caution. The integration of Informatica is expected to take time, with acceleration expected by FY2027. Moreover, the company suffers from issues in expanding its distribution capacity, which has been flat for the last two years.

The demand for Salesforce’s Agentforce is gaining traction. On August 21, Emergent, a solutions provider in the public sector for offering transformational technology strategies to Federal and State & Local customers, integrated Salesforce services and its Agentforce solutions into its active GSA contract.

Keirstead remains cautious yet sees the firm’s fundamentals as stable. Whereas, Citizens JMP analyst Patrick Walravens remains optimistic on Salesforce’s growth and has rated the stock Outperform with a $430 price target ahead of the company’s Q2 FY2025 results scheduled on September 3.

As of August 25, Salesforce, Inc.’s (NYSE:CRM) average price target of $350, based on analysts’ estimates, implies an upside of almost 41.20% from current levels.

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that is famous for its AI-powered platform, Agentforce.

While we acknowledge the potential of CRM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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