ServiceNow (NOW) PT Raised to $620 at Cowen
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Cowen analyst Derrick Wood raised the price target on ServiceNow (NYSE: NOW) to $620.00 (from $600.00) while maintaining an Outperform rating.
The analyst commented, "NOW delivered a stellar 4Q w/ 35% normalized cc sub billings growth well ahead of our 26% est., its largest beat in ~4 yrs. FY21 guide of 26-27% cc normalized was ahead of our 23% est. Workflow use-cases are broadening & the platform seems to be gaining new tentacles in the enterprise. Growth investments are brisk & NOW enters 2021 w/ significant momentum. Reiterate Outperform. Raise PT to $620."
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Related EntitiesCowen & Co
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