Cantor Fitzgerald Keeps 'Overweight' Rating for Salesforce Amid Strong Earnings

Salesforce's stock has received a bullish assessment from analysts at Cantor Fitzgerald. In a report released on Thursday, they reaffirmed their 'overweight' rating for CRM and set a price target of $250 per share.

This represents a potential upside of 21.35% from the current market price of $206.01. The firm's research analysts have also revised their earnings estimates for Salesforce, with a consensus estimate of $16.67-$16.71 in EPS and revenue of $46.1 billion-$46.4 billion for fiscal year 2027.

Salesforce has reported strong quarterly earnings, beating analyst expectations with adjusted EPS of $5.90 versus the $3.27 consensus estimate. The company's revenue rose 10.8% year over year to $11.35 billion, slightly above forecasts.