Truist analyst Joel Fishbein raised the firm’s price target on ServiceNow to $450 from $420 and keeps a Hold rating on the shares. The company’s "solid" Q1 results kicked off the infrastructure software earnings season, though its guidance did not include a meaningful raise in spite of the bullish pipeline commentary, the analyst tells investors in a research note. Truist remains on the sidelines pending more clarity from the ripple effects of the macro backdrop into future periods.
Published first on TheFly
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- ServiceNow price target raised to $525 from $500 at Jefferies
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