ServiceNow price target raised to $950 from $820 at JPMorgan

JPMorgan analyst Mark Murphy raised the firm’s price target on ServiceNow (NOW) to $950 from $820 and keeps an Overweight rating on the shares. The company reported a “healthy Q3 beat across metrics” with a fiscal 2024 revenue raise, the analyst tells investors in a research note. The firm says ServiceNow’s “meaningful” artificial intelligence bookings inflection makes a “loud statement.”