Cantor Fitzgerald lifts Salesforce price target to US$300 on open-platform strategy

Cantor Fitzgerald has raised its price target for Salesforce from US$250 to US$300 while maintaining an Overweight rating, according to a report published by Yahoo Finance.

Analyst Matthew VanVliet’s revised view followed a Salesforce webinar covering artificial intelligence momentum, the company’s open-platform and headless strategies, Slackbot, Claudeforce, and pricing.

Cantor said Salesforce’s platform could allow customers to use different AI models while continuing to build around its technology. That flexibility may reduce the incentive for customers to switch CRM platforms, helping Salesforce remain embedded in enterprise technology stacks.

The assessment comes as investors weigh whether artificial intelligence could disintermediate software-as-a-service companies. Salesforce’s Agentforce annual recurring revenue was reported at more than US$1.5 billion, up more than 240% year-on-year.

Recent growth has also been partly acquisition-driven. Informatica contributed about US$456 million to second-quarter revenue and approximately four percentage points of reported growth, according to management.

The price target reflects Cantor’s assessment rather than a certainty that Salesforce’s strategy will deliver stronger organic growth or support a higher valuation. In the second quarter, 99 hedge funds held positions in Salesforce, down from 101 previously, while short interest stood at 26.5 million shares, or 3.35% of public float.