Citi lowered the firm’s price target on Salesforce (CRM) to $197 from $257 and keeps a Neutral rating on the shares. The firm is “tactically positive” on the shares into Salesforce’s Q4 report. Citi’s fieldwork indicates accelerated large deal activity for Salesforce, the analyst tells investors in a research note. However, the firm sees “underwhelming” Agentforce usage limiting upside to the company’s organic growth estimates.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce price target lowered to $235 from $265 at Wells Fargo
- Software Stocks Are Plummeting… Are Their Forward Estimates Next?
- Starboard Value bought Clearwater and Fluor in Q4, sold Alight
- Salesforce price target lowered to $200 from $260 at UBS
- Salesforce price target lowered to $275 from $300 at Oppenheimer