Cantor Fitzgerald Upgrades Salesforce Price Target to $300 on AI Momentum
Cantor Fitzgerald has upgraded its price target for Salesforce.com (NYSE:) to $300 from $250 while maintaining an Overweight rating.
The firm's decision follows a recent webinar featuring Bill Patterson, Chief Commercial Officer, and Connor Marsden, President of Sales, who discussed the company's AI momentum, headless strategy, Slackbot, Claudeforce, and evolving pricing and packaging.
Cantor Fitzgerald said the event provided deeper insights into Salesforce's approach to being an open platform that empowers customers to make choices that best suit them.
The firm noted that Salesforce's strong positioning is reflected in its impressive 77% gross profit margin and attractive PEG ratio of 0.39, which keeps it firmly cemented in the enterprise tech stack.