Citi opens ’30-day negative catalyst watch’ on Salesforce

Citi analyst Tyler Radke opened a "30-day negative catalyst watch" on shares of Salesforce. The shares are up 27% year-to-date on positive headlines from cost cuts and activist involvement, "potentially leaving conditions ripe" for a near-term pullback as margin upside may be priced in and growth metrics could disappoint, the analyst tells investors in a research note. The firm keeps a Neutral rating on the shares with a $182 price target.