15 Best FAANG Stocks to Buy According to Hedge Funds

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12. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 140

Salesforce, Inc. (NYSE:CRM) ranks among the best FAANG stocks to buy according to hedge funds. On June 26, Cantor Fitzgerald reaffirmed its $325 price target and Overweight rating on Salesforce, Inc. (NYSE:CRM). The firm’s update coincides with Salesforce’s ongoing efforts to enhance its artificial intelligence capabilities by offering customers pre-built agent solutions.

These pre-built agents, according to Cantor Fitzgerald, are a calculated move to encourage Salesforce, Inc. (NYSE:CRM) users to embrace AI. In an analysis note, the firm explained further:

“These pre-built agents are yet another way to lower barriers and make AI Agent adoption as seamless and painless as possible for customers, while also removing friction from high-cost implementation schedules.”

Additionally, Salesforce, Inc. (NYSE:CRM) recently launched Agentforce 3, an update to its digital labor platform that includes new tools, including a Command Center for AI agent monitoring. According to reports, this modification has significantly improved administrative chat interactions for early adopters and reduced customer case handle time by 15%.

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.

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