5 Best Stocks to Buy Now According to Billionaire Ken Fisher

In this article, we discuss the 5 best stocks to buy now according to billionaire Ken Fisher. If you want to read our detailed analysis of Fisher’s history, investment philosophy, and hedge fund performance, go directly to 10 Best Stocks to Buy Now According to Billionaire Ken Fisher.

5. Salesforce, Inc. (NYSE:CRM)

Fisher Asset Management’s Stake Value: $3,234,635,000

Percentage of Fisher Asset Management’s 13F Portfolio: 1.9%

Number of Hedge Funds as of December 31: 110

Salesforce, Inc. (NYSE:CRM) is a San Francisco, California-based provider of cloud-based customer relationship management tools focused on application development, analytics, customer service, marketing automation, and sales. During the first quarter of 2022, Ken Fisher increased his stake in Salesforce, Inc. (NYSE:CRM) by 5%. The current holding of Fisher Asset Management in Salesforce, Inc. (NYSE:CRM) is the highest in terms of the number of shares.

In a note issued to investors on May 18, Richard Baldry at Roth Capital upgraded Salesforce, Inc. (NYSE:CRM) stock from a Neutral to a Buy rating and increased the target price from $200 to $242. The revised target price provides a potential upside of over 47.80% from the last closing price.

Investment management firm Oakmark Funds shared its insights on Salesforce, Inc. (NYSE:CRM) in its Q1 2022 investor letter:

“Over the past 20 years, Salesforce (NYSE:CRM) has become a dominant global player in sales, customer service, commerce and marketing software. CRM earns 80% gross margins, grows 20% organically and virtually all of its revenue is recurring. It’s a great business that we’ve admired from afar for a long time. More recently, the organization has made some changes at the top that prompted us to take a closer look at the stock. New CEO Bret Taylor and CFO Amy Weaver are bringing a culture of financial discipline. We believe this renewed focus on profitability, combined with Salesforce’s strong underlying business characteristics, will yield strong results. The current valuation of 5x next year’s revenues represents a significant discount compared to publicly traded comparables and private market values in the software space. We view this discount as an opportunity to invest in a great business at a good value.