Baird Reiterates Outperform Rating on salesforce.com (CRM) on Strong FCF

Baird analyst Rob Oliver reiterated an Outperform rating and $230.00 price target on salesforce.com (NYSE: CRM), saying with increased investor focus on FCF, we view CRM as an attractive large-cap investment.

The analyst commented, "While growth-to-FCF transition stories can take time to play out, we believe CRM's multi-year stock underperformance discounts some growth investor exodus (since 2020, CRM stock -12% vs. S&P500 +11%). In the wake of CRM's investor day, we provide "blue sky" long-term FCF framework. Our base-case ~$11.60 FCF/share for FY26E assumes revenue slightly below $50B target and 25% operating margins. Yes, it's a "show-me" story, but one where we see opportunity for growth, share gains, and strong FCF."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $142.57 yesterday.

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