ServiceNow jumps on raised subscription revenue outlook, solid Q2 results

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ServiceNow (NOW) PT Raised to $880 at RBC Capital

July 25, 2024 6:39 AM EDT

RBC Capital analyst Matthew Hedberg raised the price target on ServiceNow (NYSE: NOW) to $880.00 (from $850.00) while maintaining a Outperform rating.

The analyst comments "Q2/24 showed nice upside and demonstrated impressive cRPO acceleration at scale while the increase in CY/24 subscription revenue guidance conveys the... More