Salesforce, Inc. (CRM): Among Billionaire Ray Dalio's Bridgewater's Stock Picks with Huge Upside Potential

We recently published a list of Billionaire Ray Dalio’s Bridgewater’s 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other billionaire Ray Dalio’s Bridgewater’s stock picks with huge upside potential.

Up until February 18, 2025, the stock market seemed poised to replicate the 2020-2022 bull run. Save for slight corrections in April and August of 2024, the market was in a general upside trend. And investors expected the trend to intensify, thanks to the Trump effect. But before President Trump’s re-election, some voices, including that of Ray Dalio, pointed out the potential risks of this presidency to the market.

Ray Dalio established Bridgewater Associates in 1975. But as of 2025, the billionaire investor isn’t part of the hedge fund’s key management. He currently acts as co-chief investment officer (CIO) mentor and member of the Bridgewater Board. Dalio also runs his family office, the Dalio Family Office, which manages over $15 billion in assets. He also does philanthropy work and he hasn’t stepped away from sharing his economic and investment insights through books, interviews, and social media.

Bridgewater has grown to become the largest and most renowned investment firm in the world. Over the past 10 years, the fund has returned 39.40%, and 17.30% over the past 12 months. However, just like Dalio predicted, the Trump administration’s policies could jeopardize Bridgewater’s ability to reward investors.

Since taking office for the second term, Trump has made tariffs a key part of his government’s economic policy. He issued an executive order on his first day in office and threatened 25% tariffs on all goods from China, Canada, and Mexico. The tariffs escalated through Liberation Day in April. All this time, the S&P 500 was taking one hit after another. For instance, the broad market index pulled back 12% between April 2 and April 8, 2025. April 2 happens to be the day of Trump’s Liberation Day speech that marked a major tariff escalation.

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Although the equity market appears to be correcting as of May 1, 2025 (the S&P 500 is up 12% since April 8), Dalio believes that Trump’s tariffs have wrought irreversible damage. According to a post on X on Monday, Dalio said that many of his indicators tell him that “we are on the brink of the monetary order, the domestic political and the international world orders breaking down due to unsustainable, bad fundamentals.”

While appearing on NBC’s “Meet the Press” show recently, Dalio sustained his dissatisfaction with Trump’s tariffs. According to the billionaire investor, President Trump’s actions are pushing the US to the brink of recession, or potentially “something worse.” He specifically pointed out the chaotic implementation of tariffs, which have caused global market volatility and economic uncertainty.

If Dalio is trying to say that the market is spooked, he is not wrong. According to the CBOE Volatility Index or VIX (which measures market sentiment), investors are very frightened. The index rose to the highest level in five years after the Liberation Day speech but climbed down afterward. Nevertheless, the index is still up 14% from where it was 30 days ago.

Amid the heightened fear in the equities market, Dalio’s Bridgewater continues to register gains. In Q1 2025 alone, the fund rose 9.9%. That the fund can post such growth in a difficult market speaks volumes about its management. This is why it is prudent to learn more about the billionaire’s stock picks with huge upside potential.

Our Methodology

We sifted through Bridgewater Associates SEC Q4 2024 13F filings. We focused on the fund’s most valuable equities holdings (excluding ETFs and options) and then ranked the stocks based on analyst price targets (as of May 2). We picked stocks with an upside potential of at least 30% and then ranked them in ascending order.

Why are we interested in the stocks that hedge funds pile into? 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).

Salesforce, Inc. (NYSE:CRM)

Bridgewater Associates Stake Value: $167,976,419

Upside Potential as of May 2: 31.32%

Number of Hedge Fund Holders: 162

Salesforce, Inc. (NYSE:CRM) is a cloud computing company best known for its customer relationship management (CRM) platform. Its suite of products—like Sales Cloud, Service Cloud, and Marketing Cloud—helps businesses manage everything from sales and marketing to customer service, all in one place. The company also offers tools for data analysis (Tableau), integration (MuleSoft), and team collaboration (Slack).

Salesforce, Inc. (NYSE:CRM) has fully embraced AI with its Agentforce digital labor platform. The company’s AgentExchange platform, a marketplace for AI solutions, enables AI agents to work proactively in the background without constant human oversight. The Agentforce platform already shows impressive results. It has handled 380,000 conversations on help.salesforce.com and achieved an 84% resolution rate, with only 2% requiring human escalation.

In its Q4 2025 earnings report, Salesforce, Inc. (NYSE:CRM) demonstrated how the AI strategy is driving the strengthening of its bottom line. The company’s annual revenue increased by 9% year over year to $37.9 billion. The Data Cloud and AI segment’s annual recurring revenue reached $900 million, a remarkable 120% increase compared to the previous year. For fiscal year 2026, the company projects revenue between $40.5 billion and $40.9 billion, a 7-8% growth. The management also anticipates an improved GAAP operating margin of 21.6% and a non-GAAP operating margin of 34.0%. On April 25, 2025, Needham analysts maintained their Buy rating and a $400.00 price target for Salesforce (NYSE:CRM). The analysts believe the AI strategy is capable of guiding the company to a more robust financial performance.

Overall, CRM ranks 10th on our list of billionaire Ray Dalio’s Bridgewater’s stock picks with huge upside potential. While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that 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 this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.