Morgan Stanley Maintains Overweight on ServiceNow, Raises Price Target to $630
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Overweight rating on ServiceNow (NYSE:NOW) and has raised the price target from $586 to $630.
July 27, 2023 | 4:58 pm
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POSITIVE IMPACT
ServiceNow's price target has been raised from $586 to $630 by Morgan Stanley, which maintains an Overweight rating on the stock.
The raised price target indicates that Morgan Stanley sees potential for ServiceNow's stock to rise in the short term. The Overweight rating suggests that they believe the stock will outperform the market. This could lead to increased investor interest and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100