We recently compiled a list of the 14 Best American Tech Stocks To Buy Now. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against the other American tech stocks.
American stocks moved up a bit on Monday, April 14 as investors focused on news about tech companies getting a break from President Trump’s tariffs. The S&P 500 rose by 0.8%, the tech-heavy Nasdaq rose by 0.6%, and the Dow Jones Industrial Average increased by about 0.7%.
In recent days, President Trump and his advisers have given mixed signals on the future of tariffs on China and on specific industries. Over the weekend, big American tech companies scored a victory when it was revealed that the US had not put tariffs on smartphones, computers, and other consumer electronics.
However, on Sunday, US Commerce Secretary Howard Lutnick stated that these electronics would soon be covered under new tariffs, which would be different from those imposed on specific countries. President Trump also posted on social media that there would be “no exception” for these products. He also said that the government is looking at semiconductors and the entire electronics supply chain in the upcoming National Security Tariff Investigations.
Last week was the best week for the major indexes since at least 2023. However, with all this uncertainty, Wall Street is getting ready for another week of potential tariff-fueled ups and downs.
Methodology
To compile our list of the 14 best American tech stocks to buy now, we used stock screeners from Finviz and Yahoo Finance to find the largest American technology companies. We sorted our results based on market capitalization and picked the top 30 American stocks. Next, we focused on the 14 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q4 2024 database of more than 1,000 elite hedge funds. Finally, the 14 best American tech stocks to buy now were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Salesforce, Inc. (CRM) The Best American Tech Stock To Buy Now?
A customer service team in an office setting using the company's Customer 360 platform to communicate with customers.
Salesforce, Inc. (NYSE:CRM) is a leading American cloud-based software company that specializes in customer relationship management (CRM) solutions. The company provides software, tools, services, and applications for sales, customer service, marketing, e-commerce, analytics, and IT teams of any size, across any industry. Salesforce, Inc. (NYSE:CRM) operates the world’s top AI CRM platform and serves more than 150,000 businesses with its cloud-based software solutions. Salesforce, Inc. (NYSE:CRM) ranks among the best American stocks to buy now.
On April 9, Truist Securities reaffirmed a “Buy” rating on Salesforce, Inc. (NYSE:CRM) with a price target of $400. This came after an update on Salesforce Industries, one of the company’s key growth segments. Terry Tillman, an analyst at Truist Securities, shared insights after having a discussion with Jeff Amann, Executive Vice President & General Manager of Salesforce Industries. Salesforce Industries is known for its comprehensive vertical solutions tailored for specific industry processes and workflows that often attract premium pricing and drive new business growth. For fiscal year 2025, the segment reported $5.7 billion in annual recurring revenue (ARR), marking a 20% increase year-over-year. This growth reflects more than twice the overall revenue growth by Salesforce, Inc. (NYSE:CRM), which is 9% for the same period. The update highlighted the performance of industry solutions, the potential high-value impact of the company’s agentic AI platform: Agentforce, and the synergies between industry solutions and the broader applications and data segments. Despite a challenging macroeconomic environment, Tillman expressed confidence in the resilient growth of Salesforce Industries.
Overall, CRM ranks 8th on our list of the best American tech stocks to buy now. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
