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Stifel Trims Salesforce (CRM) Price Target to $300, Maintains Buy Rating Ahead of Dreamforce

Salesforce, Inc. (NYSE:CRM) is one of the Trending AI Stocks on Wall Street. On October 9, Stifel lowered the firm’s price target on the stock to $300 from $325 and kept a Buy rating on the shares.

The price target downgrade comes ahead of Dreamforce, Salesforce’s flagship annual conference about to take place in San Francisco. According to the analyst, shares have “failed to gain any momentum” as investors are waiting to see stronger revenue growth and clear signs of AI monetization.

As for the Dreamforce event, the firm believes that constructive commentary at the event can help to bring greater clarity to Salesforce’s AI positioning and set the course for second-half earnings.

“Dreamforce will take place in San Francisco next week against a backdrop of AI disruption fears across the software group. Shares have failed to gain any momentum YTD, as investors continue to look for signs of top-line improvement and meaningful AI monetization, and we see the event as an opportunity for Salesforce to showcase Agentforce traction in its 1st year post-launch, demonstrate ‘real-life’ customer use-cases that can be delivered across the customer base, introduce new Agentforce solutions, and outline future plans for its Data Cloud offering post-INFA acquisition. While it’s difficult to see sentiment turning on a dime, we believe constructive commentary on these topics can help bring greater clarity to the company’s AI positioning and set the stage for 2H earnings. The company will host an investor event during the course of the conference as well. We maintain our Buy rating but are trimming our target price to $300.”

Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce.

While we acknowledge the risk and potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT:10 Hot AI Stocks to Keep on Your Radar and 10 AI Stocks Every Investor Should Watch.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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