UPDATE: Wolfe Research Starts ServiceNow (NOW) at Outperform

April 22, 2021 4:26 PM EDT
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Price: $483.51 -0.48%

Rating Summary:
    44 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 38 | Down: 18 | New: 7
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(Updated - April 22, 2021 4:41 PM EDT)

Wolfe Research analyst Alex Zukin initiates coverage on ServiceNow (NYSE: NOW) with a Outperform rating and a price target of $270.00.

The analyst comments "We think near term numbers outperformance on earnings and the upcoming product focused analyst day will be the key stock catalysts. From a product and numbers perspective, key catalysts include 1) ITSM Pro & Enterprise adoption, 2) verticalization, and 3) multi-product uptake across the customer base supported by a product portfolio that has dramatically expanded over the last few years and now includes customer workflows, employee workflows, and the NOW platform."

For an analyst ratings summary and ratings history on ServiceNow click here. For more ratings news on ServiceNow click here.

Shares of ServiceNow closed at $546.47 yesterday.

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