BMO Capital lowered the firm’s price target on Salesforce to $252 from $262 and keeps an Outperform rating on the shares. While the firm expects Salesforce to see 10% growth and about 150bps of FY25 margin expansion which includes mid-single-digit growth in sales and marketing expense, the price target is being lowered due to uncertainty on long-term growth, the analyst tells investors in a research note.
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