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Fly News Breaks for January 31, 2019
NOW
Jan 31, 2019 | 08:58 EDT
Credit Suisse analyst Brad Zelnick raised his price target for ServiceNow to $225 from $215 after the company reported "strong" Subscription Billings results for Q4, and FY19 guidance well exceeded expectations. The analyst notes that results substantiate his view of ServiceNow's long-term opportunity and ability to execute, and he appreciates its best-in-class growth and margins versus SaaS peers at similar scale. He reiterates an Outperform rating on the stock.
News For NOW From the Last 2 Days
NOW
Apr 16, 2024 | 06:15 EDT
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.
