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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NOW: