ServiceNow price target raised to $1,050 from $975 at Stifel

Stifel raised the firm’s price target on ServiceNow (NOW) to $1,050 from $975 and keeps a Buy rating on the shares after having attended ServiceNow’s analyst day and Knowledge 2025 user conference in Las Vegas. Management’s focus remains on strong organic growth and what the firm sees as incremental, tuck-in type, M&A, says the analyst, who argues that the day “served to reinforce our belief that ServiceNow is well positioned to sustain the growing momentum for its end-to-end enterprise engagement platform well beyond IT.”