ServiceNow (NOW) PT Lowered to $230 at Oppenheimer

Oppenheimer analyst Brian Schwartz lowered the price target on ServiceNow (NYSE: NOW) to $230.00 (from $1,150.00) while maintaining a Outperform rating.

The analyst commented: "ServiceNow completed a 5:1 stock split Wednesday (12/17). We’re updating our PT to $230 (was $1,150) and EPS model to reflect the increased number of shares."

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