Analyst Matthew VanVliet reaffirms Buy rating on CRM with a $250 price target, citing significant growth potential in cloud software.
Cantor Fitzgerald analyst Matthew VanVliet maintained a Buy rating on Salesforce Inc. (NYSE:CRM) and set a $250 price target, implying a 52% upside from current levels. The firm’s outlook aligns with recent positive sentiment from other analysts, including Barclays, RBC Capital, and Goldman Sachs, which raised their targets earlier this month.
Goldman Sachs holds the highest price target at $242, while broader analyst activity reflects confidence in Salesforce’s growth trajectory. The company’s recent $2 billion investment in France through 2030, including an AI Innovation Hub in Paris, underscores its focus on expanding in key European markets.
Salesforce’s commitment follows a May expansion of its AI center in London, reinforcing its strategy to serve enterprises in the region. CEO Marc Benioff highlighted France’s role as a global AI innovation hub, combining research talent and entrepreneurial energy.