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Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $325.00 price target on Salesforce.com (NYSE:CRM), following discussions with four Salesforce partners about current demand conditions. The target represents significant upside potential for the stock, which currently trades at $226.82, nearly 40% below its 52-week high of $369.
Three of the four partners reported meeting their third-quarter targets and were on track to achieve their financial goals, according to Cantor Fitzgerald. The one partner that missed its third-quarter target did so due to specific circumstances unrelated to the overall demand environment and is already experiencing double-digit bookings growth for the fourth quarter.
Cantor Fitzgerald noted that while artificial intelligence concerns persist around applications, particularly Salesforce, partners are not seeing this materialize in actual business conditions. The firm reported that the demand environment remains steady, with partners not losing customers or deals to AI startups.
The research firm acknowledged that adoption of Agentforce has been underwhelming so far, but emphasized that Salesforce’s core value proposition for customers remains relevant. This aligns with Salesforce’s impressive 77.65% gross profit margin and $39.5 billion in revenue over the last twelve months.
Cantor Fitzgerald highlighted that Salesforce shares are currently trading at 18 times next twelve months earnings per share, which it described as an all-time low valuation for the stock. InvestingPro data shows the company has a perfect Piotroski Score of 9, indicating strong financial health despite a 31.82% year-to-date decline. InvestingPro’s Fair Value model suggests the stock is currently undervalued, with earnings due in just 8 days on December 3. Discover more insights in Salesforce’s Pro Research Report, available with an InvestingPro subscription.
In other recent news, Salesforce has completed its acquisition of Informatica for approximately $8.3 billion in cash, ahead of the initially planned early fiscal year 2027 closure. This acquisition is expected to enhance Salesforce’s AI capabilities by integrating Informatica’s data management tools into its Agentforce 360 platform. Mizuho has reiterated its Outperform rating on Salesforce, setting a price target of $340.00, indicating confidence in the company’s strategic direction following the acquisition. Cantor Fitzgerald also maintained an Overweight rating on Salesforce, with a price target of $325.00, highlighting the firm’s belief in Salesforce’s potential for sustainable growth and cash flow generation. Additionally, Informatica announced a strategic integration of its Intelligent Data Management Cloud platform with Microsoft Foundry, aiming to facilitate enterprise AI development with trusted data. This collaboration was revealed at the Microsoft Ignite 2025 conference. Meanwhile, President Donald Trump has called off plans to deploy federal troops to San Francisco after discussions with tech leaders, including Salesforce founder Marc Benioff. These developments underscore Salesforce’s ongoing efforts to strengthen its data and AI capabilities in the competitive tech landscape.
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