BMO Capital raised the firm’s price target on ServiceNow to $1,025 from $860 and keeps an Outperform rating on the shares. The firm is citing its increased confidence in the durability of the company’s growth, the analyst tells investors in a research note. BMO contends that ServiceNow will be able to sustain growth in its core IT Service Management market as well as drive growth in new product areas, leveraging its large installed base for upsell opportunities.
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