Citi cuts Salesforce's PT on expected slowdown in revenue growth

** Citi cuts cloud software provider Salesforce's CRM PT to $253 from $276

** New PT implies an upside of 8.1% to stock's last close

** Brokerage expects revenue growth to remain constrained in the high single digits with a limited upside in the second half of FY 2025

** "Partners seemed concerned about core business trends decelerating (sales/service/marketing) as competition intensifies" - Citi

** Average rating of 54 analysts is "buy," their median PT is $322.50 - data compiled by LSEG

** Up to last close, stock has fallen ~30% this year