Wells Fargo raised the firm’s price target on ServiceNow to $650 from $625 and keeps an Overweight rating on the shares. The firm notes the company printed a clean, straight-forward Q2, which it thinks helps support the case that the backdrop is stabilizing, deal activity is improving, and that ServiceNow remains a resilient, mission-critical software platform.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 the top stocks recommended by analysts >>
Read More on NOW:
- ServiceNow price target lowered to $644 from $646 at Barclays
- ServiceNow price target raised to $650 from $525 at Jefferies
- ServiceNow price target raised to $600 from $549 at MoffettNathanson
- ServiceNow (NYSE:NOW) Dips despite Earnings Beat and Nvidia Collaboration
- ServiceNow sees Q3 subscription revenue $2.185B-$2.195B