Monness Crespi upgraded Salesforce to Buy from Neutral, setting a $200 price target based on a “compelling” valuation and “attractive” margin profile. The analyst highlighted Salesforce’s strong cash flow generation, generous stock repurchase program, and progress in supporting customers transforming into agentic enterprises.
Monness Crespi moved Salesforce from Neutral to Buy and set a $200 price target, citing the stock’s depressed valuation and improving growth outlook. The upgrade reflects the firm’s belief that current share levels understate Salesforce’s long-term earnings potential.
The analyst described Salesforce’s valuation as “compelling” relative to peers, noting its attractive operating margin profile. Recent cost efficiencies and licensing mix shifts have bolstered margin expansion forecasts.
Salesforce’s strong free cash flow generation underpins Monness Crespi’s confidence, with healthy operating cash inflows funding strategic investments. The firm also praised Salesforce’s generous share repurchase program as a catalyst for shareholder value.
Progress in helping clients evolve into agentic enterprises factored into the upgrade, highlighting successful AI and automation implementations. Salesforce’s cloud-based platform enhancements have driven deeper customer engagement and higher renewal rates.
