Salesforce price target raised to $368 from $290 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Salesforce (CRM) to $368 from $290 and keeps a Neutral rating on the shares. The firm says Agentforce has overtaken Salesforce’s narrative with positive partner feedback, driving the stock 35% since Dreamforce. Heading into Salesforce’s Q3 report on December 3, Citi’s checks suggest slightly better demand trends. The firm expects the company’s revenue and bookings growth to remain constrained in the high-single-digits, though it generally sees Q3 and Q4 Street estimates as achievable.