ServiceNow price target lowered to $644 from $646 at Barclays

Barclays lowered the firm’s price target on ServiceNow to $644 from $646 and keeps an Overweight rating on the shares. The company delivered a solid Q2 with all the important key performance indicators coming in above expectations, the analyst tells investors in a research note. The firm continues to like ServiceNow’s execution in the environment and “best-in-class combination of growth and profitability.”