12 AI Stocks on Latest News and Ratings

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3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 162

On May 28, Morgan Stanley analyst Keith Weiss reiterated an “Overweight” rating on Salesforce, Inc. (NYSE:CRM) with a $393.00 price target. Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.

According to the firm, the company’s recent acquisition of Informatica may not have been what the market expected, but its terms are seen as favorable. It announced the agreement to acquire Informatica for an estimated $8 billion in equity value.

The firm discussed concerns about Informatica’s legacy, particularly on-premise data assets, which may not match with investor expectations for Salesforce’s growth vision. In other words, there are fears that Informatica might not be a good strategic fit, but the firm believes that the terms of the deal are advantageous.

Moreover, Informatica’s strengths in handling, organizing, and securing data may help boost Salesforce’s Data Cloud and allow its AI tool, Agentforce, to work better.  It also believes that the move will help Salesforce improve its operating margins, earnings per share (EPS), and FCF in FY28 (CY27) driven by substantial cost synergies.

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