RBC Capital Maintains Outperform Rating for ServiceNow: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has reaffirmed its Outperform rating on ServiceNow (NYSE:NOW) and increased its price target from $840.00 to $850.00. ServiceNow's shares have risen 1.52% in the last 24 hours to $775.05. The new price target suggests a potential upside of 9.67%. ServiceNow specializes in SaaS solutions for automating business processes, with a focus on IT, customer service, HR, and security operations.
January 25, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Capital maintains an Outperform rating on ServiceNow and raises the price target to $850, indicating a bullish outlook. The stock has recently seen a 1.52% increase, aligning with the positive sentiment.
The reaffirmation of the Outperform rating and the increase in price target by RBC Capital are strong positive signals for investors, suggesting confidence in ServiceNow's growth potential. The recent share price increase further supports this optimistic view. As analyst ratings can influence market sentiment, this news is likely to have a positive short-term impact on ServiceNow's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100