Stifel Boosts Salesforce Price Target to $275 Amid AI Momentum

Stifel has increased its price target for Salesforce (SF) stock to $275 from $250, maintaining a Buy rating. The current trading price is $205.62, with a P/E ratio of 23.86 and an attractive PEG ratio of 0.6.

The firm cites Salesforce's product portfolio as key drivers for the increased target, including Agentforce, Slack, D360, and Headless. Stifel also references Claudeforce as part of the company's expanding offerings.

Despite ongoing pressures in several business areas, such as marketing and Tableau, Mulesoft, and Commerce, Stifel believes the company's core solutions and incoming offerings from Contentful and Fin can offset these challenges. The firm expects these products to support sustained business growth.