Stocks
Cantor Fitzgerald Raises Salesforce Price Target to $300 Amid AI Momentum
Cantor Fitzgerald raised its price target for Salesforce.com (NYSE:CRM) to $300 from $250, citing the company's AI momentum and headless strategy.
The firm's decision follows a recent webinar where Bill Patterson, Chief Commercial Officer, and Connor Marsden, President of Sales, discussed Salesforce's approach to being an open platform that empowers customers to make choices that best suit them.
Salesforce's strong positioning in the enterprise tech stack is reflected in its impressive 77% gross profit margin and attractive PEG ratio of 0.39, according to Cantor Fitzgerald.