ServiceNow forecasts quarterly subscription revenue above estimates as AI boosts demand
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October 24, 2024 6:43 AM EDT
RBC Capital analyst Matthew Hedberg raised the price target on ServiceNow (NYSE: NOW) to $1,045.00 (from $985.00) while maintaining a Outperform rating.
The analyst comments "Against a high bar, Q3/24 demonstrated nice upside while CY/24 subscription revenue guidance moved higher by more than the beat.... More
October 24, 2024 6:17 AM EDT
Goldman Sachs analyst Kash Rangan raised the price target on ServiceNow (NYSE: NOW) to $1,050.00 (from $1,000.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and raise our Price Target to $1,050 on ServiceNow following strong outperformance on key metrics, including a +200 bps beat on Subs Revenue and +150 bps beat on cRPO (CC), broadly aligning with our F3Q... More
October 24, 2024 5:39 AM EDT
Barclays analyst Raimo Lenschow raised the price target on ServiceNow (NYSE: NOW) to $1,000.00 (from $980.00) while maintaining a Overweight rating.
The analyst comments "With NOW shares up meaningfully since the Q2 print (NOW +24.2% vs. IGV +9.5), it was always difficult to expect a meaningfully... More
