Cantor Fitzgerald increased its price target on Salesforce Inc. to $300 from $250, maintaining an overweight rating as the company’s artificial intelligence initiatives and revenue outlook gained traction.
The brokerage cited Salesforce’s 14% growth in remaining performance obligations on a constant-currency basis, surpassing the 13% consensus estimate, as a key driver of the upgrade. Shares traded 0.22% higher at $258.11, near a 52-week high of $269.
Analysts at Argus, Truist Securities and TD Cowen also raised their respective targets to $300, while Citizens maintained a $315 target with an above-market performance rating. The upgrades follow a webinar featuring Salesforce’s Chief Commercial Officer Bill Patterson and President of Sales Connor Marsden, which included 40 minutes of Q&A on AI momentum, pricing strategy and product roadmaps.
Management highlighted accelerating revenue growth expected in the second half of the fiscal year ending January 2027, supported by AI-driven initiatives such as Slackbot, Claudeforce and ProPicks AI. The gross profit margin stands at 77%, and the company’s PEG ratio is 0.39, according to the report.
ProPicks AI referenced historical gains in AI-linked stocks, including Super Micro Computer at 185% and AppLovin at 157%, to contextualize potential upside scenarios for Salesforce. The brokerage’s hypothetical AI-driven stock-picking tool uses a $2,000 prompt amount for analysis.
Salesforce is covered in a Pro research report among more than 1,400 major U.S. stocks, reflecting ongoing institutional interest in its AI and commercial execution strategy.
