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Fly News Breaks for January 30, 2020
Jan 30, 2020 | 08:16 EDT
Raymond James analyst Michael Turits raised his price target for ServiceNow to $383 from $360 and reiterated a Strong Buy rating following a "solid" beat and raise in new CEO Bill McDermott and CFO Gina Mastantuono's first full quarter with the company. Turits tells investors in a research note that revenue, subscription revenue, and subscription billings accelerated in the quarter to 33%, 35% and 36% respectively, even with 2019 revenues reaching $3.5B and the company guiding to top its 5-year goal set in 2015 of $4B, with 2020E guidance of $4.22B-$4.24B.
News For NOW From the Last 2 Days
Apr 2, 2020 | 06:43 EDT
Baird analyst Rob Oliver downgraded ServiceNow to Neutral from Outperform with a $300 price target.