Barclays Maintains Overweight on ServiceNow, Raises Price Target to $870
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on ServiceNow (NYSE:NOW) and increased the price target from $765 to $870, indicating a positive outlook on the company's stock.
January 23, 2024 | 1:23 pm
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Barclays analyst Raimo Lenschow has reaffirmed an Overweight rating on ServiceNow and raised the price target to $870, suggesting confidence in the company's future performance.
The increase in price target by a major financial institution like Barclays typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100