Salesforce price target raised to $325 from $265 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Salesforce to $325 from $265 and keeps a Neutral rating on the shares. The firm heads into Salesforce’s fiscal Q4 report with “balanced views,” saying stabilizing demand signals are offset by lagging seat-based down-sell headwinds limiting reaccelerating growth potential. Citi’s partner checks were mixed but leaned modestly more positive versus last quarter as it heard of “more greenshoot anecdotes” like front office budgets back to growth objectives, the analyst tells investors in a research note.