Stifel Cuts Salesforce Target to $200; Q4 Net Income Jumps 14%
Stifel cut Salesforce's price target to $200 from $260, keeping a Neutral rating and citing slower Agentforce adoption that surprised Jim Cramer. Salesforce reported Q4 net income rose 14% to $1.94 billion, but its $46 billion 2027 revenue forecast sent shares down 5% after a 33% YTD drop.
1. Stifel Cuts Target to $200
On February 17, Stifel reduced its price target for Salesforce to $200 from $260 while maintaining a Neutral rating, noting that customer loyalty remains intact but adoption of the Agentforce AI platform has decelerated. The firm emphasized that Salesforce’s valuation, trading below 15 times forward earnings, reflects investor caution over AI-driven competition in enterprise software.
2. Jim Cramer Questions Agentforce Growth
Jim Cramer voiced surprise at reports that Agentforce is not growing at its previous pace, stressing that Marc Benioff must demonstrate the platform’s effectiveness. His comments underscore heightened scrutiny of Salesforce’s AI business split and its ability to maintain growth momentum.
3. Q4 Results and 2027 Outlook Impact Shares
Salesforce posted Q4 net income of $1.94 billion, up 14%, surpassing analyst expectations, yet its fiscal 2027 revenue forecast of $46 billion triggered a 5% share decline. The stock has fallen 33% year to date as investors weigh multiple compression against Salesforce’s growth profile.