Salesforce price target raised to $247 from $229 at Citi

Citi raised the firm’s price target on Salesforce to $247 from $229 and keeps a Neutral rating on the shares. The analyst heads into Salesforce’s fiscal Q3 earnings with relatively balanced views on the company’s growth and margin outlook. The firm’s partner conversations followed a similar theme as prior quarters, with renewal pressure and new business challenges. It believes Salesforce’s margin expansion has largely peaked and its growth may decelerate to the high single-digits in fiscal 2025.