Stifel Nicolaus Upgrades Salesforce Price Target to $300

Salesforce (NYSE:CRM) has received an updated price target of $300.00 from Stifel Nicolaus, representing a potential upside of 24.13% from its previous close.

This revised estimate follows recent analyst activity, with some firms downgrading the stock due to concerns about the impact of generative AI on Salesforce's core business.

Despite these concerns, other analysts remain optimistic, including those at BMO and Canaccord, who have raised their targets to $285.00 and $300.00 respectively.