RBC Capital Maintains Outperform on ServiceNow, Raises Price Target to $850
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on ServiceNow (NYSE:NOW) and increased the price target from $840 to $850.
January 25, 2024 | 4:41 pm
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POSITIVE IMPACT
RBC Capital analyst reaffirms ServiceNow's Outperform rating and raises the price target to $850, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Matthew Hedberg from RBC Capital suggests a strong conviction in ServiceNow's future performance. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100