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ServiceNow price target raised to $1,000 from $850 at Canaccord

Canaccord raised the firm’s price target on ServiceNow (NOW) to $1,000 from $850 and keeps a Buy rating on the shares. The firm said they reported strong Q3 results highlighted by a larger-than-normal subscription revenue upside, 23.5% currency-adjusted cRPO growth, and a raise to full-year revenue estimates.

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