Salesforce, Inc. (CRM) showed a 22% YoY increase in free cash flow (FCF) for its fiscal Q3 ending Oct. 31, with FCF margins rising as well. Analysts project a potential value of $321 per share over the next year based on a strong 32% trailing 12 months FCF margin. Revenue rose to $10.259 billion in Q3, with 94.8% from subscription and support services, leading to solid FCF growth. Analysts predict a 10.5% increase in sales next year, which could drive a 23% higher stock price target. Salesforce’s stock is considered undervalued, with an FCF-based price target of $321 per share.

Read more at Barchart: Salesforce Generates Strong Free Cash Flow