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

Wedbush lowered the firm’s price target on Salesforce (CRM) to $325 from $375 and keeps an Outperform rating on the shares. The firm notes the company delivered solid Q4 results with beats across the board and conservative FY27 guidance across the board as the company looks to reaccelerate revenue growth with Agentforce front and center. Wedbush cites a lower multiple for the price target decrease as it believes Salesforce is still a long-term winner of the AI Revolution despite the company finding itself in the epicenter of the AI Ghost Trade selloff for software.