Needham Maintains Buy on ServiceNow, Raises Price Target to $900
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reaffirmed a Buy rating on ServiceNow (NYSE:NOW) and increased the price target from $660 to $900, indicating a positive outlook on the company's stock.
January 22, 2024 | 12:00 pm
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POSITIVE IMPACT
Needham analyst Mike Cikos maintains a Buy rating on ServiceNow and raises the price target from $660 to $900, suggesting a strong confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a positive forecast for the company's stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100