ServiceNow shares are trading higher after the company announces a five-year business partnership with Wipro. The company this week also announced a $1.5 billion repurchase and received multiple analyst price target raises.
Portfolio Pulse from Benzinga Newsdesk
ServiceNow announces a five-year business partnership with Wipro, a $1.5 billion repurchase, and receives multiple analyst price target raises.
May 18, 2023 | 6:59 pm
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ServiceNow's stock is trading higher after announcing a partnership with Wipro, a $1.5 billion repurchase, and multiple analyst price target raises.
The partnership with Wipro expands ServiceNow's business reach, while the repurchase program and analyst price target raises signal strong financial performance and market confidence, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100