10 Trending AI Stocks on Wall Street Right Now

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 140

Cantor Fitzgerald initiates Salesforce, Inc. (NYSE:CRM) as “Overweight” with a $325 price target.  Cantor Fitzgerald said Salesforce has a “large, attractive market.”

The firm is optimistic about the company’s growth prospects and financial performance, asserting that Salesforce is one of the highest-quality businesses within their coverage, albeit facing a slowdown in growth.

The company’s innovation, particularly its AI-powered Agentforce platform, is viewed as a key factor in maintaining its position as a leading CRM platform. Although Agentforce’s direct monetization may take time, its presence will help take care of potential disruptors.

Overall, the firm is quite confident in Salesforce’s ability to deliver favorable returns, which is why investors are advised to consider their rating.

“Ultimately, we think the CRM industry will be a beneficiary of AI. As a system of record for customer data, we think CRM data are critical to powering effective AI use-cases for businesses, placing CRM providers in a position of strength.”

Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.