Canaccord raised the firm’s price target on ServiceNow (NOW) to $1,075 from $900 and keeps a Buy rating on the shares. The firm said during its Q1 earnings call, management’s commentary bordered on indignant at the notion that macroeconomic or Fed-related uncertainty could derail ServiceNow’s momentum, and its conviction in meeting and exceeding full-year guidance was unmistakable-rooted in a strong pipeline and “extremely positive demand signals.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOW:
- ServiceNow price target lowered to $1,003 from $1,021 at Bernstein
- ServiceNow’s Strong Q1 Performance and Strategic Positioning Drive Buy Rating Amid Low Investor Sentiment
- ServiceNow’s Strong Growth and AI Momentum Justify Buy Rating
- ServiceNow’s Strong Q1 Performance and Strategic Growth Reinforce Buy Rating
- ServiceNow price target raised to $969 from $967 at Barclays