AI-Related Fears Seen as Overstated; Cantor Reaffirms Salesforce (CRM) Rating

Salesforce, Inc. (NYSE:CRM) is one of the AI Stocks Investors Are WatchingOn November 12, Cantor Fitzgerald maintained its “Overweight” rating on the stock with a price target of $325.00. The firm’s bullish outlook is driven by its solid free cash flow outlook and overall long-term growth prospects.

Cantor believes that Salesforce boasts a robust position within enterprise environments, allowing it to drive sustainable growth and strong free cash flow generation for “a long time to come.”

Moreover, it believes that the AI-fueled fears disrupting Salesforce are overstated, and that they are in turn creating an “attractive risk/reward setup for investors with some duration.”

“At 16x P/NTM FCF, CRM is trading near its all-time low multiple. We think 20–25x is more appropriate for a business of this quality and FCF growth/margin expansion potential.”

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.

While we acknowledge the risk and potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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