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Salesforce price target lowered to $295 from $320 at Citi

Citi lowered the firm’s price target on Salesforce (CRM) to $295 from $320 and keeps a Neutral rating on the shares. While the company’s Q1 results met a low-bar, Agentforce remains a “show-me” story, the analyst tells investors in a research note. The firm believes Agentforce does not appear to be a catalyst yet for reaccelerating growth and profits with a further slowing of growth in Q2.

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