5 Best Big Tech Stocks To Buy Now

In this article, we will be taking a look at the 5 best big tech stocks to buy now. To read our detailed analysis of the technology industry and current developments within it, you can go directly to see 13 Best Big Tech Stocks To Buy Now.

5. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 136

Based in San Francisco, California, salesforce.com, inc. (NYSE:CRM) is an application software company. It provides Customer Relationship Management technology and more.

An Outperform rating was maintained on salesforce.com, inc. (NYSE:CRM) shares on July 12 by Keith Bachman at BMO Capital, who also holds a $255 price target on the stock.

There were 136 hedge funds long salesforce.com, inc. (NYSE:CRM) in the first quarter, with a total stake value of $9.05 billion.

The Ithaka Group said the following about salesforce.com, inc. (NYSE:CRM) in its first-quarter 2023 investor letter:

“Salesforce, Inc. (NYSE:CRM) is the largest pure-play cloud software company, holding a leading market share in customer relationship management applications and a top-five market share position in the company’s other clouds (Marketing, Service, Platform, Analytics, Integration, and Commerce). The company’s software subscription term-license model differs from the traditional perpetual-license software model in two respects: (1) the software is hosted on centralized servers and delivered over the internet, as opposed to traditional enterprise software that is loaded directly onto customers’ hard drives or servers; and (2) the revenue model is subscription-based, typically charging monthly fees per user as opposed to charging one-time licensing fees. The stock’s strong relative performance followed a strong F4Q23 earnings release that easily beat Street expectations on the top- and bottom-lines. In addition to the beat, management announced a number of initiatives that activist investors have been clamoring for, specifically a halt to large M&A transactions and a focus on operating profitability.”