Truist raised the firm’s price target on ServiceNow to $780 from $750 and keeps a Hold rating on the shares. The company delivered solid Q2 results that showcased broad strength across its platform, and its enterprise sales force continues to close 7+ figure deals as its AI-powered Pro Plus tier momentum continues to ramp after three quarters in the market, the analyst tells investors in a research note. This is driving a reacceleration in their near-term bookings proxy cRPO, or current remaining performance obligations, Truist added.
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