Salesforce Demand Holds Up as Partners See No AI Losses, Cantor Reaffirms $325 Target
Lagging Agentforce traction keeps attention on execution at a stock price near the 52‑week low.
Overview
- Cantor Fitzgerald reiterated an Overweight rating with a $325 price target on November 25 after conversations with Salesforce partners about current demand.
- Three of four Salesforce partners reported meeting third‑quarter targets, and the fourth, which missed, is now seeing double‑digit fourth‑quarter bookings growth.
- Partners said they are not losing customers or deals to AI startups and reported no evidence that AI‑related disruptions are showing up in real‑world conditions.
- Agentforce adoption remains underwhelming so far even as Salesforce’s core value proposition continues to resonate with customers.
- Jim Cramer said any perceived disaster is priced in near $230 and he is betting on gains over the next 12 to 18 months after a caller noted shares trade near a 52‑week low.