Citigroup Maintains Buy on ServiceNow, Lowers Price Target to $700
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke has maintained a 'Buy' rating on ServiceNow (NYSE:NOW) but lowered the price target from $734 to $700.

October 19, 2023 | 3:58 pm
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ServiceNow's price target has been lowered by Citigroup from $734 to $700, although the 'Buy' rating is maintained.
The lowering of the price target by Citigroup could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100