MoffettNathanson raised the firm’s price target on ServiceNow to $600 from $549 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company’s sales execution has been “best in class” and Q2 was no different, the analyst tells investors in a research note. Macro headwinds are just starting to dissipate but not enough for companies to factor it into forward looking guidance, though ServiceNow is showing “good pipeline generation”, the firm adds.
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