Wells Fargo analyst Michael Turrin raised the firm’s price target on ServiceNow to $900 from $875 and keeps an Overweight rating on the shares ahead of quarterly results. While feedback on Pro+ adoption remains early, the firm’s checks pointed to solid renewal execution and continued progress outside of core ITSM, suggesting a solid 2024 start despite Q1s being seasonally lighter.
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>>
Read More on NOW:
- ServiceNow downgraded to Neutral from Buy at Guggenheim
- ServiceNow Stock (NYSE:NOW): Analysts Upbeat on Solid Business Momentum
- JPMorgan software analyst to hold an analyst/industry conference call
- ServiceNow price target raised to $900 from $885 at Jefferies
- 5 Best AI Stocks to Buy in April 2024, According to Analysts