10 Must-Watch AI Stocks on Wall Street

5. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 140

Salesforce, Inc. (NYSE:CRM) is one of the 10 Must-Watch AI Stocks on Wall Street. On July 11, JMP Securities analyst Patrick Walravens reiterated a “Market Outperform” rating for the stock with a steady price target at $430.00.

The rating affirmation comes after the firm reviewed details of Salesforce’s merger with Informatica. The firm based its decision on the information from Informatica’s preliminary proxy statement filed with the SEC on July 3. The filing revealed that there are six other potential acquirers in the process.

Due diligence conducted revealed six positive factors and four negative factors influencing the transaction analysis. JMP stated that Salesforce has fallen 20% YTD, underperforming both the S&P and the Russell 3000.

The rating is maintained considering Salesforce continues to pursue its acquisition of Informatica.

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