Cantor Fitzgerald Sticks to $300 Price Target on Undervalued Salesforce

Cantor Fitzgerald has reiterated its Overweight rating on Salesforce.com (no ticker provided) stock at $300.00, citing the company's robust fundamentals and undervalued status.

The firm noted that the energy and enthusiasm around the CRM platform returned in full force this year at Dreamforce in San Francisco, with recent announcements around Headless 360, Claudeforce, and Slack/Agentforce AI capabilities adding to the positivity.

Salesforce's fundamentals remain strong, with a gross profit margin of 77% and a PEG ratio of just 0.38, indicating attractive valuation relative to growth.

Cantor Fitzgerald believes there remains significant upside if management can deliver on the targets they have laid out.