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Fly News Breaks for February 25, 2019
NOW
Feb 25, 2019 | 07:13 EDT
UBS analyst Jennifer Swanson Lowe raised her price target on ServiceNow to $271 from $230. Noting subscription revenue growth typically decelerates on increasing scale, she said ServiceNow's ability to hold growth relatively steady for three years in a row is evidence that products outside of core IT Service Management are kicking in as meaningful drivers and guidance suggests healthy trends will persist this year as well. Swanson Lowe reiterated her Buy rating on ServiceNow shares.