5 Best 52-Week Low Large Cap Stocks To Buy Now

4. Salesforce, Inc. (NYSE:CRM)

YTD return as of December 30, 2022: -48.12%

Number of Hedge Fund Holders: 117

Founded in 1999, Salesforce, Inc. (NYSE:CRM) is a global software company that provides a range of customer relationship management (CRM) products and services.  Salesforce, Inc. (NYSE:CRM) is known for its CRM software, which helps businesses manage customer relationships and interactions, including sales, marketing, and customer service. The company’s CRM platform is used by businesses of all sizes across a wide range of industries.

On December 5, 2022, Scott Schoenhaus, an analyst at KeyBanc, reduced his price target on Salesforce, Inc. (NYSE:CRM) to $210 from $220 while keeping an Overweight rating on the stock. According to the analyst, the company reported strong third-quarter results, but the guidance for fourth-quarter billings, revenue, and operating profitability was marginally below expectations.

According to Insider Monkey’s database, 117 hedge funds held shares of the company at the end of the third quarter of 2022. Fisher Asset Management was the most bullish fund on the company’s stock at the end of Q3 2022.