Goldman Sachs Maintains Buy on ServiceNow, Raises Price Target to $910
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan has reaffirmed a Buy rating on ServiceNow (NYSE:NOW) and increased the price target from $800 to $910, signaling confidence in the company's future performance.
January 25, 2024 | 2:20 pm
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POSITIVE IMPACT
Goldman Sachs analyst Kash Rangan maintains a Buy rating on ServiceNow and raises the price target from $800 to $910, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100