Cantor Fitzgerald reiterates Overweight rating on Salesforce stock
Investing.com
Published Jul 10, 2025 08:35AM ET
Investing.com - Cantor Fitzgerald has maintained its Overweight rating and $325.00 price target on Salesforce (NYSE:CRM) stock. The software giant, currently valued at $259 billion, demonstrates impressive gross profit margins of 77% and generates annual revenue of $38.6 billion. According to InvestingPro analysis, the stock is currently trading below its Fair Value.
The firm based its assessment on insights from a call with Julian Lustig, VP Digital and Data Services for Co-operators Group Limited, which spends approximately $16 million annually with Salesforce.
Cantor Fitzgerald noted that customers are progressing beyond testing phases and are now deploying Salesforce's Agentforce product into production environments.
The research firm highlighted that this customer traction, combined with Salesforce's announced 6% price increases scheduled for August 1, could potentially drive upside to consensus expectations for fiscal year 2027.
Co-operators Group Limited is a private company that served as a reference customer for Cantor Fitzgerald's analysis of Salesforce's market position and growth prospects.
In other recent news, Salesforce has announced the appointment of Amy Chang and David Kirk to its Board of Directors, bringing significant expertise in technology and innovation to the company. Chang has a background with companies like Google (NASDAQ:GOOGL) and Cisco (NASDAQ:CSCO), while Kirk is a former NVIDIA (NASDAQ:NVDA) chief scientist. In the financial realm, Cantor Fitzgerald and KeyBanc have both reiterated their Overweight ratings on Salesforce stock, with Cantor Fitzgerald setting a price target of $325.00 and KeyBanc aiming for $440.00. These ratings come as Salesforce continues to enhance its AI capabilities, particularly with its Agentforce product.
Furthermore, Citizens JMP maintained its Market Outperform rating, citing CEO Marc Benioff's comments that AI now handles 30% to 50% of work at Salesforce. KeyBanc also discussed the potential acquisition of Informatica, which could help address data challenges that hinder Salesforce's AI initiatives, though there are concerns about the timeline for resolving these issues. Additionally, Cantor Fitzgerald emphasized the strategic importance of Salesforce's pre-built AI agent solutions, which aim to streamline AI adoption for customers. These developments highlight Salesforce's ongoing efforts to integrate AI across its platform and drive innovation.
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