ServiceNow price target raised to $562 from $506 at Citi

Citi raised the firm’s price target on ServiceNow to $562 from $506 and keeps a Buy rating on the shares. Despite ongoing macro headwinds, the analyst is "relatively upbeat" on the setup for ServiceNow into the Q1 results. Partner checks pointed to mostly resilient business trends, with some instances of favorable pull-in dynamics and fewer deal slippage issues that were seen last year, the analyst tells investors in a research note.