JMP Securities Maintains Market Outperform on ServiceNow, Raises Price Target to $825
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens has maintained a Market Outperform rating on ServiceNow (NYSE:NOW) and increased the price target from $665 to $825, indicating a positive outlook on the company's stock performance.
January 22, 2024 | 1:00 pm
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POSITIVE IMPACT
ServiceNow's stock may see a positive short term impact due to JMP Securities' analyst maintaining a Market Outperform rating and raising the price target to $825.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. The substantial increase in ServiceNow's price target by JMP Securities reflects a strong conviction in the company's future performance, which could lead to increased investor confidence and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100