5 Best SaaS Stocks to Buy According to Hedge Funds

2. Salesforce, Inc. (NYSE:CRM)

With significant hedge fund interest, Salesforce, Inc. (NYSE:CRM) secures a spot on our list of the 10 best SaaS stocks to buy according to hedge funds. As of Q1 2026, 101 hedge funds held bullish positions in the stock, representing $6.87 billion in aggregate value.

Salesforce, Inc. (NYSE:CRM) drew analyst attention after reporting a strong quarterly beat.

On May 27, 2026, Salesforce, Inc. (NYSE:CRM) reported first-quarter revenue of $11.13 billion, above the analyst estimate of $11.05 billion. Adjusted EPS came in at $3.88, well ahead of the $3.12 consensus. Subscription and support revenue grew 14%, also topping expectations. CEO Marc Benioff said the company secured 98 new deals with over $1 million in annual contract value during the quarter.

However, the results were overshadowed by a softer outlook.

Salesforce, Inc. (NYSE:CRM) guided for second-quarter revenue of $11.27 billion to $11.35 billion, below the analyst consensus of $11.36 billion. Shares were marginally down in volatile extended trading following the report.

Two analyst updates followed on May 28, 2026.

TD Cowen lowered its price target to $240 from $250 while keeping a “Buy” rating, noting first-quarter organic growth came in line at 7% in constant currency. The firm said management continues to expect organic acceleration in the second half, driven by strength in Agentforce, Data, and Slack pipelines.

Separately, KeyBanc analyst Jackson Ader trimmed the firm’s price target to $290 from $300 and kept an “Overweight” rating, saying in-line organic metrics and a reiteration of constant currency guidance were acceptable for a year that checks and investor conversations had broadly described as sluggish.

Salesforce, Inc. (NYSE:CRM) is an AI-powered global enterprise software company whose Customer 360 platform integrates autonomous AI agents and machine learning models to automate CRM workflows.