Cantor Analyst Bullish on Salesforce Amid Undervaluation Concerns
Cantor Fitzgerald analyst Matthew VanVliet reaffirms a Buy rating on Salesforce (NYSE:CRM) with a $325 price target, citing the stock's attractive valuation at a near-historic low multiple of 16x forward free cash flow. The enterprise software giant's entrenched position in corporate ecosystems is expected to drive sustained revenue growth and robust cash generation.
Market anxieties about AI disruption have created a compelling risk-reward scenario, according to VanVliet. He argues Salesforce warrants a 20-25x FCF multiple given its margin expansion potential and acquisition-driven growth strategy, which recently included purchases like Tableau and Slack.