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Fly News Breaks for January 31, 2019
NOW
Jan 31, 2019 | 09:28 EDT
BMO Capital analyst Keith Bachman raised his price target on ServiceNow to $235, saying that in spite of the slowing macro backdrop, the company has offered a "rather bullish" outlook for 2019. The analyst expects ServiceNow's 31% billings growth guidance to be well received by investors. Bachman is also keeping his Outperform rating on the shares with confidence in the company's ability to "sustain growth in its core IT service management market, as well as drive growth in new product areas".
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