Reported 19 days ago
Stifel has reduced its price target for Salesforce (CRM) from $325 to $300 while maintaining a Buy rating on the stock ahead of the upcoming Dreamforce conference. The downgrade reflects a lack of momentum in the stock as investors await clearer signs of revenue growth and AI monetization. The firm anticipates that discussions at Dreamforce could clarify Salesforce's AI strategy and potentially enhance confidence in its financial outlook for the second half of the year.
Source: YAHOO