Jefferies analyst Samad Samana raised the firm’s price target on ServiceNow to $525 from $500 and keeps a Buy rating on the shares after the company reported Q1 subscription revenue and cRPO results the firm called "strong." Investors may "nitpick" management’s decision to raise the FY23 constant-currency subscription revenue outlook by less than the Q1 beat, but Jefferies appreciates management "embracing conservatism," the analyst tells investors.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NOW:
- ServiceNow price target raised to $551 from $535 at Barclays
- Solid Subscriptions Aided ServiceNow’s (NYSE:NOW) Q1 Results
- ServiceNow reports Q1 adjusted EPS $2.37, consensus $2.04
- ServiceNow options imply 5.6% move in share price post-earnings
- ServiceNow price target raised to $515 from $500 at BMO Capital
