10 Must-Watch AI Stocks on Wall Street

3. 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. Stifel analyst Parker Lane lowered the price target on the stock to $325.00 (from $375.00) while maintaining a Buy rating.

The firm believes that Salesforce would have to show improved quarter-over-quarter performance in core and a solid uptick in Data plus AI contributions from the $1 billion level seen last quarter for driving multiple appreciation.

“We spoke with four partners following Salesforce’s F2Q to get an updated look at business trends. Trends at the agencies were consistent to modestly better Q/Q, driven by minor macro improvements and steady DC/Agentforce traction. Against a tough narrative/sentiment backdrop for the software group (see here), we believe Salesforce will have to show better q/q performance in core and a solid uptick in Data + AI contributions from the $1bn level last quarter to drive multiple appreciation. We remain believers in the company’s long-term positioning and growth opportunity around AI, and look to Dreamforce as an opportunity for management to expand on its vision, provide updates on the pricing/ packaging actions it put in place this year, and offer measures of success for Agentforce following one year in market. We maintain our Buy rating on CRM shares but trim our target price to $325 on multiple compression.”