5 Stocks to Buy Today According to Jim Cramer

2. Salesforce.com,  Inc. (NYSE: CRM)

Number of Hedge Fund Holders: 108 

Salesforce.com,  Inc. (NYSE: CRM) is ranked second on our list of 15 stocks to buy today according to Jim Cramer. The company provides cloud computing solutions and other software-related services. It is headquartered in California. Cramer gave the stock a Buy rating during the Guest Interview segment of his show recently. 

On August 26, investment advisory RBC Capital assumed coverage of Salesforce.com,  Inc. (NYSE: CRM) stock with an Outperform rating and a price target of $310, noting the firm was leading the software market in multiple areas. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Salesforce.com,  Inc. (NYSE: CRM)  with 13.4 million shares worth more than $3.2 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.”