5 Best Growth Stocks to Buy Today According to Billionaire Ken Fisher

In this article, we discuss the 5 best growth stocks to buy today according to billionaire Ken Fisher. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Growth Stocks to Buy Today According to Billionaire Ken Fisher. 

5. Salesforce.com, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 108 

Salesforce.com, Inc. (NYSE:CRM) markets enterprise cloud computing solutions. Regulatory filings show that Fisher Asset Management owned 13.9 million shares in the company at the end of the third quarter of 2021 worth over $3.7 billion, representing 2.34% of the portfolio. 

Credit Suisse analyst Phil Winslow recently initiated coverage of Salesforce.com, Inc. (NYSE:CRM) stock with an Outperform rating and a price target of $375, highlighting the “increasingly robust vertical technology stack” of the firm in a bullish investor note. 

Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Salesforce.com, Inc. (NYSE:CRM) with 3.7 million shares worth more than $1 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Salesforce.com, Inc. (NYSE:CRM) was one of them. Here is what the fund said: 

“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”