Citi raised the firm’s price target on Salesforce to $339 from $325 and keeps a Neutral rating on the shares following Q4 results that featured solid operational upside and profitability offset by a weaker revenue outlook. Citi has also increased outer year revenue up slightly.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CRM:
- Bad News for Salesforce.com Stock: This New Risk Has Been Added
- Jefferies software/Internet analyst to hold analyst/industry conference call
- Salesforce has potential for modest re-rating higher, says Canaccord
- Salesforce price target raised to $354 from $290 at Argus
- Salesforce (NYSE:CRM) Picked a Good Time to Start Paying Dividends
