After RBC Capital conducted checks, RBC Capital analyst Matthew Hedberg says that ServiceNow's stock has a good set-up ahead of the company's Q4 results. The analyst says that momentum in the company's non-core businesses could push the shares higher. Furthermore, he thinks that the company's Q4 billings guidance was conservative, while its deal cycles aren't increasing. He keeps a $95 price target and a Top Pick rating on the shares.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here