ServiceNow Gets Mixed Price-Target Moves After Revenue Rises 20.5%
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ServiceNow received mixed price-target changes from five firms on Oct. 29, a day after reporting third-quarter results. Revenue rose 20.5% from a year earlier, while the company forecast fourth-quarter cRPO growth of 18.5%, below the third quarter’s 21%. Baird raised its target to $185 from $125. JPMorgan raised its target to $160 from $150, and Evercore ISI lifted its to $175 from $160. Truist Securities cut its target to $150 from $180, while RBC lowered its to $165 from $176. Three firms raised targets and two lowered them, leaving no uniform direction across the five calls. The quarter ended Sept.
Source: TokenPost
