12 Must-Watch AI Stocks on Wall Street

10. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 119

Salesforce, Inc. (NYSE:CRM) is one of the 12 Must-Watch AI Stocks on Wall Street. On December 4, UBS analyst Karl Keirstead reiterated a Neutral rating on the stock with a $260.00 price target. The rating affirmation follows Salesforce’s “mixed” third-quarter earnings report.

Revenue increased 8.6% from a year earlier in the fiscal third quarter, reaching $10.26 billion compared to the expected $10.27 billion. The firm noted that revenue growth aligned with expectations.

Meanwhile, the company’s current remaining performance obligation (cRPO) grew 11% in the third quarter. While this growth has been solid, the company’s guidance for 9% growth in the fourth quarter was merely in line with expectations.

Keirstead noted that the firm would like to remain “patient” on the stock until a clearer path back to 10%+ growth is visible. The company’s management has stated that bookings are improving enough that subscription and support revenue growth should soon reach a low point before ramping in the second half of fiscal year 2027.

Moreover, while positive signs such as stronger bookings and demand for Agentforce/Data exist, investor sentiment in the SaaS sector demands more evidence of the company’s ability to return to double-digit growth.

Company valuation suggests limited downside risk, but the current revenue growth rate of 8-9% still remains a concern. This is why the firm maintains a cautious stance and awaits clearer signs of sustained growth.

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