Wells Fargo analyst Michael Turrin raised the firm’s price target on ServiceNow to $575 from $550 and keeps an Overweight rating on the shares. The firm notes Q4 was clean and the initial ’23 outlook was stronger than expected. While increasingly well-loved, Wells sees little reason to overthink this company’s powerful model/upbeat tone. The firm remains bullish and comfortable adding to any pullback.
Published first on TheFly
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