10 Trending AI Stocks in Focus This Week

5. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 140

Salesforce, Inc. (NYSE:CRM) is one of the 10 Trending AI Stocks in Focus This Week. On July 16, Citizens JMP analyst Patrick Walravens reiterated a “Market Outperform” rating on the stock with a $430.00 price target.

The firm came out optimistic on the stock following its chat with Richard Socher at the Citizens Technology Forum. The forum was held at the Solage Resort in Calistoga, California. Socher is not only the CEO and founder of You.com and General Partner and founder of AIX Ventures, but also a former Executive Vice President and Chief Scientist at Salesforce from 2016 to 2020.

Being an influential AI researcher, Socher’s background has been helpful in assessing Salesforce’s position in the AI landscape.

Besides Citizens JMP, other firms such as JMP Securities and Cantor Fitzgerald are also optimistic on the stock due to factors such as Informatica’s preliminary proxy statement revealing multiple potential acquirers involved in the merger process, along with the increasing adoption of Agentforce and the likelihood for increased revenue from upcoming price hikes.