Salesforce price target lowered to $164 from $170 at Citi

Citi analyst Tyler Radke lowered the firm’s price target on Salesforce (CRM) to $164 from $170 and keeps a Neutral rating on the shares. A continuation of weakening front-office demand trends driving growth towards single digits with management departures and loss of key partner Veeva (VEEV) "creates incremental uncertainty" post Salesforce’s Q3 results, particularly with lack of fiscal 2024 guidance, Radke tells investors in a research note.