Citigroup Maintains Neutral on Salesforce, Raises Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Neutral rating on Salesforce (NYSE:CRM) but raises the price target from $260 to $290.
August 26, 2024 | 3:31 pm
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Citigroup has maintained its Neutral rating on Salesforce but increased the price target from $260 to $290, indicating a positive outlook on the stock's potential.
The increase in price target from $260 to $290 suggests that Citigroup sees potential upside in Salesforce's stock, despite maintaining a Neutral rating. This could lead to a positive short-term impact on CRM's stock price as investors may interpret the raised target as a sign of confidence in the company's future performance.
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