Cantor Fitzgerald Reiterates Overweight Rating on Salesforce.com Amid AI Concerns

Cantor Fitzgerald has reiterated its Overweight stock rating on Salesforce.com (), setting a price target of $250.00, despite the company's underperformance in the software sector.

Salesforce currently trades at $205.47 and has fallen 19% year-to-date compared to a 20% gain in the EMCLOUD index and a 12% rise in the S&P 500.

Cantor Fitzgerald attributes Salesforce's underperformance to market skepticism about its ability to accelerate growth in the second half of the fiscal year and concerns about its exposure to AI disruption as a horizontal SaaS platform.

However, the firm expects Salesforce to capture a meaningful share of next-generation agentic workflows as a key system of record rather than facing frequent replacement.