Stifel Pumps Up Salesforce Price Target to $300

Stifel has raised its price target on Salesforce.com stock () to $300 from $275, maintaining a Buy rating.

The firm cited management's reiteration of its fiscal 2030 revenue target of $63 billion at the company's analyst day, which it believes will be achieved through six key areas of AI monetization.

These include more core licenses, premium SKU upgrades, Agentforce and out-of-the-box agent spend, Data 360, Agent Fabric and Guardian, and APIs, MCPs, context and infrastructure.

Stifel views these initiatives as the most important driver to achieve Salesforce's medium-term growth outlook, which is supported by its impressive gross profit margin of 77% and 11% revenue growth in the last twelve months.