ServiceNow shares are trading higher after Oppenheimer maintained an Outperform rating on the stock and raised its price target from $750 to $800.
Portfolio Pulse from Benzinga Newsdesk
ServiceNow's stock (NOW) is trading higher following Oppenheimer's reaffirmation of an Outperform rating and an increase in the price target from $750 to $800.
January 18, 2024 | 8:01 pm
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POSITIVE IMPACT
Oppenheimer maintained an Outperform rating on ServiceNow and raised its price target from $750 to $800, leading to a positive trading response.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. The increase in ServiceNow's price target by a reputable firm like Oppenheimer suggests a strong bullish sentiment, which can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100