Citigroup Maintains Neutral on Salesforce, Raises Price Target to $247
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke has maintained a Neutral rating on Salesforce (NYSE:CRM) but increased the price target from $229 to $247. This adjustment reflects a more optimistic valuation of Salesforce's future performance while still not fully endorsing a bullish stance.
November 24, 2023 | 2:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup analyst Tyler Radke maintained a Neutral rating on Salesforce but raised the price target from $229 to $247, indicating a potential upside in the stock's valuation.
The increase in price target by Citigroup suggests that the analyst sees more potential in Salesforce's stock than previously estimated. While the Neutral rating doesn't indicate a strong buy recommendation, the raised target price could lead to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100