12 Best Cloud Stocks to Buy According to Wall Street Analysts

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1. Salesforce, Inc. (NYSE:CRM)

Analyst Upside: 26.92%

Number of Hedge Fund Holders: 140

Salesforce, Inc. (NYSE:CRM) ranks among the best cloud stocks to buy according to Wall Street analysts. KeyBanc reaffirmed its Overweight rating on Salesforce, Inc. (NYSE:CRM) on July 2, citing a $440 price target. The firm’s analysis focuses on the company’s potential acquisition of Informatica, including both arguments in favor of and against the strategic move.

KeyBanc points out that a significant adoption hurdle in Agentforce that relates to data availability and cleanliness may be resolved by the acquisition. By combining data mobility capabilities (ETL) with master data management solutions, Informatica may be able to address enterprise data issues that are preventing Salesforce’s AI efforts. According to KeyBanc, these skills are “rare in the data space.”

However, the firm expressed concern that the acquisition schedule may potentially extend the current data bottleneck issues for “another year, maybe more.”

Salesforce, Inc. (NYSE:CRM) is a cloud-based software company focused on customer relationship management. The company offers custom software and solutions for various applications, such as analytics, marketing automation, and sales.

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: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

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