BUZZ-Citi cuts Salesforce's PT on expected slowdown in revenue growth
Reuters
Yesterday
BUZZ-Citi cuts <a href="https://laohu8.com/S/CRM">Salesforce</a>'s PT on expected slowdown in revenue growth
** Citi cuts cloud software provider Salesforce's CRM.N PT to $253 from $276
** New PT implies an upside of 8.1% to stock's last close
** Brokerage expects revenue growth to remain constrained in the high single digits with a limited upside in the second half of FY 2025
** "Partners seemed concerned about core business trends decelerating (sales/service/marketing) as competition intensifies" - Citi
** Average rating of 54 analysts is "buy," their median PT is $322.50 - data compiled by LSEG
** Up to last close, stock has fallen ~30% this year
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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