Billionaire Ken Fisher’s 10 Technology Stock Picks with Huge Upside Potential

7. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders as of Q4: 162

Fisher Asset Management’s Equity Stake: $4.16 Billion 

Upside Potential as of April 30: 35.33%

Salesforce, Inc. (NYSE:CRM), a global leader in customer relationship management (CRM) software and enterprise cloud solutions, offers a diverse portfolio including Sales Cloud, Service Cloud, Marketing Cloud, and a suite of AI-driven analytics tools. Headquartered in California, the company competes with major players like Microsoft Dynamics and Oracle by leveraging its robust platform ecosystem and innovations in artificial intelligence. Its subscription-based business model ensures predictable and sustainable revenue, fostering long-term relationships with a wide range of enterprise customers across industries.

In 2024, Salesforce, Inc. (NYSE:CRM) demonstrated solid financial performance, reporting a 9% year-over-year revenue increase to $37.9 billion. The company also reached a record high in cash flow, supported by surpassing the $60 billion milestone in Remaining Performance Obligation (RPO). Notably, its newer offerings, namely the Data Cloud and Agentforce, have joined the multibillion-dollar product lines, driving exceptional growth in annual recurring revenue (ARR), with Data Cloud and AI services growing 120% year-over-year. Reflecting this momentum, Salesforce, Inc. (NYSE:CRM) has issued a revenue guidance range of $40.5 billion to $40.9 billion for fiscal 2026, highlighting confidence in continued expansion despite macroeconomic headwinds.

Investor interest has risen significantly, with Insider Monkey’s database revealing that 162 hedge funds held positions in Salesforce, Inc. (NYSE:CRM) by the end of Q4 2024, up from 116 in the previous quarter, collectively valuing their stakes at approximately $15.04 billion. However, recent executive changes, specifically the departure of the chief operating officer and the appointment of a new chief financial officer, introduced a degree of uncertainty in the market. This, coupled with the company’s fiscal 2026 revenue forecast falling short of analyst expectations, has stirred some investor concern despite the company’s otherwise positive trajectory and robust fundamentals.