ServiceNow price target raised to $600 from $525 at Stifel

Stifel analyst Brad Reback raised the firm’s price target on ServiceNow to $600 from $525 and keeps a Buy rating on the shares. Quarter-end checks pointed to a strong Q2 finish, says the firm, which expects that ServiceNow’s expanding platform, growing pipeline, and large deal momentum should enable it to maintain 20%-plus revenue growth and margin expansion.