12 AI Stocks in the Spotlight for Investors

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 119

Salesforce, Inc. (NYSE:CRM) is one of the 12 AI Stocks in the Spotlight for Investors. On December 17, BTIG initiated coverage on the stock with a “Buy” rating and a price target of $335.00. Firm analysts see upside on Agentforce momentum, an improving narrative, and underestimated execution.

Having helped pioneer the SaaS model nearly three decades ago, Salesforce is once again confronting a structural shift brought by artificial intelligence. By doing so, it aims to secure a credible second act.

The firm noted how Salesforce has been able to re-architecture its core platform, has developed Data 360, its comprehensive data platform for enabling golden customer records, and also extensively innovated the Agentforce layer.

“The debate on CRM’s execution with Agentforce will likely continue in the years ahead while the current valuation suggests to us that some investors are pricing in CRM’s demise.”

BTIG did note how management’s tone improved at Dreamforce, sharing business trends transparently and proactively.

“This includes confidence in NNAOV accelerating and continuing to grow faster than AOV through next year (we project a return to organic double-digit subscription revenue growth in F4Q27).”

Meanwhile, the adoption of Agentforce is in early phase but demonstrating momentum. Feedback from customers and partners has been largely positive in this regard.

“Just over a year since its release, Agentforce ARR passed $540M (+330% y/y), which is mostly driven by customers piloting the platform as its ARPC is ~$57K. Yet, customers in production are rapidly growing (70% q/q). Lastly, feedback from talking to customers and partners is very positive on Agentforce and the general demand environment. We initiate coverage at Buy with a $335 PT.”

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