Stifel Reaffirms Buy Rating on Salesforce With $275 Price Target

Stifel, a reputable financial firm, has reiterated its Buy rating for Salesforce (CRM) shares with a price target of $275. The company's revenue growth has been impressive, reaching its highest point in four years in the second fiscal quarter. This acceleration story has led to a significant re-rating of the stock over the summer.

The second-quarter results showed NNAOV growth of 11.23% over the last twelve months, with a gross profit margin of 77.28%. The stock's gain of 25.81% over the past six months reflects this positive momentum. Stifel views expectations heading into Dreamforce and the Analyst Day as elevated.

The firm believes investors are now underwriting double-digit fiscal 2028 growth and a Rule of 50 path by fiscal 2030. Salesforce is expected to reiterate its fiscal 2030 target of $63 billion in revenue, up from current trailing twelve-month revenue of $43.94 billion.