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Investing.com - Cantor Fitzgerald has maintained its Overweight rating and $325.00 price target on salesforce.com (NYSE:CRM), currently trading at $250.16 with a market capitalization of $239 billion, ahead of the company’s upcoming fiscal second-quarter earnings report. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculations.
The company is scheduled to report its F2Q26 earnings for the period ending July on Wednesday, September 3, after market close, followed by an earnings call at 5:00 PM Eastern Time. With impressive gross profit margins of 77.3%, Salesforce demonstrates strong operational efficiency. Get access to 8 more exclusive InvestingPro Tips and comprehensive financial analysis in our Pro Research Report.
Cantor Fitzgerald highlighted that investors should focus primarily on growth in Data Cloud & Agentforce, Service Cloud, and forward pipeline activity as the company approaches its Dreamforce event in October.
The firm’s research indicates continued weakness in Marketing & Commerce Cloud performance and expects inline or high-single-digit growth for Sales Cloud, based on fieldwork conducted over recent months showing extensive activity around Data Cloud adoption to power Agentforce initiatives.
Cantor Fitzgerald noted that while most Agentforce projects remain in testing and pilot phases, some partners are now seeing approximately 20% of these projects advancing to Phase II deployments, with expectations that nearly 40% of customers could expand their implementation scope over the next 12 months.
In other recent news, several investment firms have adjusted their price targets for Salesforce ahead of its fiscal second-quarter earnings report. Oppenheimer raised its price target to $370, citing the potential of artificial intelligence but noted softening business trends and limited near-term catalysts. Meanwhile, BofA Securities lowered its target to $325, following discussions with partners that indicated second-quarter deal activity aligned with expectations. TD Cowen also reduced its target to $335, pointing to mixed demand signals, with weak renewal business but positive results in down-market segments. Citizens JMP maintained a price target of $430, highlighting a higher percentage of positive business data points compared to the previous quarter. Additionally, Stifel adjusted its target to $325 due to multiple compression, despite observing consistent trends and improvements in certain segments. These developments reflect varied perspectives on Salesforce’s current business environment and future potential.
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