Salesforce price target lowered to $275 from $295 at Citi

Citi analyst Tyler Radke lowered the firm’s price target on Salesforce (CRM) to $275 from $295 and keeps a Neutral rating on the shares. Partner feedback in Q2 suggests “an underwhelming demand picture,” says the analyst, who would wait for more data points around wider Agentforce rollouts and commercialization before turning more constructive. The firm, which sees “limited Q2 upside,” expects revenue growth to remain in the high-single digits in the near-term, the analyst added.