TD Cowen analyst J. Derrick Wood raised the firm’s price target on ServiceNow to $530 from $520 and keeps an Outperform rating on the shares. The analyst said while the macro is still tough, ServiceNow continues to see resiliency in pipeline demand, strength in GTM execution and a continued high rate of new product innovation.
Published first on TheFly
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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
