Salesforce May Have Found an Answer to the AI Disruption Threat, Cantor Says

Cantor Fitzgerald analyst Matthew VanVliet raised Salesforce Inc.'s price target to $300.00 from $250.00, maintaining an Overweight rating. This comes after a Salesforce webinar on AI momentum, headless strategy, Slackbot, Cloudforce, and evolving pricing. Cantor Fitzgerald believes Salesforce can remain an enterprise platform despite customers using other models or platforms on top of it.

This open-platform strategy will offer customers flexibility in choosing AI models, potentially keeping Salesforce in the enterprise tech stack and reducing the need for customers to switch or reassess their CRM usage. This belief counters concerns about AI potentially displacing Salesforce. While the company's recent earnings growth includes acquisitions like Informatica, contributing $456 million to second-quarter revenue, Cannon remains optimistic about Salesforce's prospects.