ServiceNow price target raised to $545 from $465 at UBS

UBS analyst Karl Keirstead raised the firm’s price target on ServiceNow to $545 from $465 and keeps a Buy rating on the shares ahead of the Q1 print on April 26. The firm’s partner checks down-ticked from three months ago, with three out of seven partners missing their 1Q23 ServiceNow practice growth target and the majority of partners citing incremental demand softness beginning in late-February/early-March, the analyst tells investors in a research note.