Salesforce's Free Cash Flow Expected to Double by 2029 as AI Drives Growth

Tuesday, 24 September 2024, 11:40

Salesforce's ambitions in artificial intelligence are set to position the company for significant growth. An analyst upgrade now sets the price target at $325, reflecting an anticipated doubling of free cash flow (FCF) by 2029. This recognition highlights the tech giant's strategic direction and optimism in its market performance.

Benzinga — Salesforce's Free Cash Flow Expected to Double by 2029 as AI Drives Growth

Salesforce's Strategic Shift Towards AI

Piper Sandler's analyst has upgraded Salesforce (CRM) to Overweight, emphasizing the company's remarkable potential in artificial intelligence (AI). With a new price target of $325, the projection indicates that the free cash flow per share could possibly double by 2028. This forecast positions Salesforce at the forefront of tech innovation, showcasing its profitability amid competitive pressures.

Impact of AI on Salesforce's Market Position

The integration of AI technologies is crucial for Salesforce's growth trajectory. By enhancing customer relationship management (CRM) features, the company is likely to attract more clients and retain existing ones, thereby solidifying its market dominance.

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