11 Stocks on Jim Cramer’s Radar

1. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holdings: 119

Salesforce, Inc. (NYSE:CRM) is a customer relationship management software provider. Its shares are down 18% over the past year amidst broader turmoil for the software industry. However, Salesforce, Inc. (NYSE:CRM)’s third-quarter earnings results led to some optimism from analysts as Piper Sandler reiterated an Overweight rating and a $315 share price target on December 4th. The financial firm noted the software company’s progress with AI products in its coverage and pointed out that Agentforce recurring revenue had touched $540 million to account for 1.4% of the overall subscription run-rate. Later, on December 19th, Mizuho set a $340 share price target for Salesforce, Inc. (NYSE:CRM) as it also commented that the Agentforce platform was improving its potential for broader industry adoption. Naturally, agentics AI and Agentforce were also on Cramer’s mind as he discussed Salesforce, Inc. (NYSE:CRM):

“This is the software getting eaten by hardware, which is a little bit of a change. I come back and say, that Salesforce is going to fight. I think we should be buyers of Salesforce, because they have an agentics business. But at the same time, I’d rather own Broadcom. . . .

“Well that’s the other part of the business, they have this agentics. I mean I almost wish that Salesforce was called Agentforce. . .well because, that’s the growth business. The other business is, remember these places sell what’s known as a seat business. And anybody who’s in a software business has to be worried because you can do, we all could do software now with how easy it is with AI. That’s a big part of the problem.”

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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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