RBC Capital raised the firm’s price target on ServiceNow to $850 from $840 and keeps an Outperform rating on the shares. The company’s Q4 results were again strong, exceeding estimates on “broad-based strength that included early GenAI contributions through Pro Plus adoption, the analyst tells investors in a research note. The overall demand environment remains largely unchanged, and the management noted optimism that GenAI is driving a supercycle of spending, the firm added.
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