Barclays Maintains Overweight on ServiceNow, Lowers Price Target to $644
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Raimo Lenschow has maintained an Overweight rating on ServiceNow (NYSE:NOW) but lowered the price target from $646 to $644.

July 27, 2023 | 12:22 pm
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NEUTRAL IMPACT
ServiceNow's price target has been lowered by Barclays from $646 to $644, though the Overweight rating is maintained.
The news is directly about ServiceNow and its rating by Barclays. The lowering of the price target might have a slight negative impact, but the maintenance of the Overweight rating indicates that Barclays still sees the stock as a good investment. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100