Stifel Maintains Buy on ServiceNow, Raises Price Target to $740-Report Released on 10 January 2024
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback has maintained a Buy rating on ServiceNow (NYSE:NOW) and increased the price target from $650 to $740, indicating a positive outlook on the company's stock.
January 11, 2024 | 2:08 pm
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Stifel's analyst Brad Reback has reiterated a Buy rating on ServiceNow and raised the price target to $740, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100