Salesforce price target lowered to $250 from $300 at Stifel

Stifel lowered the firm’s price target on Salesforce (CRM) to $250 from $300 and keeps a Buy rating on the shares. Positive Agentforce and Data 360 momentum and disclosures, both existing and new, were overshadowed by weaker core performance, the analyst tells investors in a post-earnings note. However, strong Agentforce metrics reaffirm the firm’s confidence in Salesforce’s role in the agentic era, the analyst added.