5 Best Wide Moat Stocks To Buy According To Hedge Funds

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Investors: 136

Salesforce, Inc. (NYSE:CRM) is the world leader in customer relationship management and data analytics. The firm has consistently grown its EPS over the past four quarters and beaten analyst estimates as well. The shares are rated Buy on average with an average share price target of $241.

136 of the 943 hedge funds polled by Insider Monkey for their first quarter of  2023 investments had bought the firm’s shares. Salesforce, Inc. (NYSE:CRM)’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management since it owns $2.8 billion worth of shares.

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