ServiceNow's Q3 Performance Fuels Optimism: Analysts Lift Price Targets Amid Solid Revenue And Growth Prospects
Portfolio Pulse from Nabaparna Bhattacharya
ServiceNow, Inc. (NYSE:NOW) has received positive reviews from analysts at BMO Capital Markets and Stifel following its Q3 earnings report. The company beat estimates with earnings of $2.92 per share and revenues of $2.29 billion. Analysts have raised their price targets and future revenue and EPS estimates, citing strong growth in the government sector and potential for sustained growth in its core ITSM market and new product areas.
October 26, 2023 | 7:36 pm
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ServiceNow's Q3 earnings beat estimates, leading to raised price targets from analysts at BMO Capital Markets and Stifel. The company's strong performance in the government sector and potential for growth in its core ITSM market and new product areas are seen as positive indicators for future performance.
ServiceNow's Q3 earnings beat estimates, which is a positive signal for investors. The raised price targets from analysts at BMO Capital Markets and Stifel indicate a positive outlook for the company's stock. The company's strong performance in the government sector and potential for growth in its core ITSM market and new product areas are also positive indicators for future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100