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Investing.com - TD Cowen has reiterated its Buy rating on salesforce.com (NYSE:CRM) with a price target of $335.00, citing the company’s strong position in enterprise software despite concerns about AI disruption. According to InvestingPro data, Salesforce maintains impressive gross profit margins of 77.65% and boasts a perfect Piotroski Score of 9, indicating strong financial health.
The firm attended Salesforce’s Analyst Day at Dreamforce, where management introduced new fiscal year 2030 targets calling for a return to over 10% organic growth and achieving the "Rule of 50" at $60 billion in scale. The company’s current revenue stands at $39.5 billion with an 8.33% growth rate.
TD Cowen highlighted Salesforce’s advantage in combining deterministic business logic through core applications with an integrated data layer and refreshed Customer 360 application platform that incorporates AI workflows across clouds.
The analyst noted that while partner checks suggest Agentforce adoption remains measured, management displayed increased confidence, potentially indicating a sharpening adoption curve over the next 6-12 months.
With shares trading at approximately 15 times estimated calendar year 2026 enterprise value to free cash flow ratio, TD Cowen sees room for valuation improvement as Salesforce executes on expanding AI opportunities. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional exclusive ProTips available to subscribers.
In other recent news, several analyst firms have reiterated their ratings and price targets for Salesforce. BMO Capital maintained its Outperform rating with a $280 price target, expressing optimism about the company’s growth potential and margin improvements. Similarly, Citizens kept its Market Outperform rating, setting a higher price target of $430, highlighting Salesforce’s work across 17 industries despite recent challenges in net new annual order value. UBS also reiterated a Neutral rating with a $260 price target, describing Salesforce’s Investor Day as a positive event for the company. DA Davidson maintained its Neutral rating and a $225 price target, noting updates on innovation and new long-term financial targets. Cantor Fitzgerald reaffirmed its Overweight rating with a $325 price target, emphasizing Salesforce’s strategic positioning in enterprise AI and the launch of Agentforce 360. These developments reflect a range of perspectives on Salesforce’s future, with analysts focusing on various strategic aspects of the company’s operations.
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