Mizuho analyst Gregg Moskowitz raised his price target for ServiceNow to $325 from $290 citing the company's "strong" Q4 results. Subscription billings and revenue guidance "was nicely above consensus" in spite of a new CFO, Moskowitz tells investors in a research note. The analyst, however, keeps a Neutral rating on the shares, given a "full" valuation and concerns that employee attrition could accelerate in Q1.
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.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here