Barclays Maintains Overweight on ServiceNow, Raises Price Target to $890
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on ServiceNow (NYSE:NOW) and increased the price target from $870 to $890.
January 25, 2024 | 12:19 pm
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POSITIVE IMPACT
Barclays has reaffirmed ServiceNow's Overweight rating and raised the price target to $890, indicating a positive outlook on the stock.
The increase in price target by a major analyst like Barclays typically signals a strong conviction in the company's future performance and growth potential. This can often lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100