Salesforce price target lowered to $325 from $375 at Stifel

Stifel lowered the firm’s price target on Salesforce (CRM) to $325 from $375 and keeps a Buy rating on the shares. Given a tough narrative and sentiment backdrop for the software group, the firm believes Salesforce will have to show better quarter-over-quarter performance in core and a solid uptick in Data plus AI contributions from the $1B level seen last quarter to drive multiple appreciation, says the analyst, who cites multiple compression for the firm’s lowered price target