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Fly News Breaks for April 17, 2015
NOW
Apr 17, 2015 | 07:47 EDT
Brean Capital lowered its price target on ServiceNow to $90 from $97 following its Q1 results. The company beat expectations, but did not raise guidance as many were expecting, said the firm. Brean Capital, which believes the underlying business remains healthy and there is no change to the competitive environment at present, reiterated its Buy rating on the stock.
News For NOW From the Last 2 Days
NOW
Apr 18, 2024 | 05:56 EDT
Citi analyst Tyler Radke raised the firm's price target on ServiceNow to $906 from $896 and keeps a Buy rating on the shares. The analyst maintains a positive view on ServiceNow, holding estimates just above the high end of guidance as the firm's partner checks suggest solid demand and further Pro Plus interest. Commentary continued a similarly positive tone to Q4, as partners saw larger deal sizes and stronger pipelines than this time last year, the analyst tells investors in a research note. Citi says that while the shares have outperformed peers and the current valuation creates a high bar, a "beat/raise" quarter heading into the analyst and second half of 2024 growth acceleration "provide a positive event path."