Stifel Maintains Buy Rating for ServiceNow: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has reaffirmed its Buy rating on ServiceNow (NYSE:NOW) and increased its price target from $740.00 to $820.00. ServiceNow's stock has risen 2.34% in the last 24 hours to $781.28. The new price target suggests a potential upside of 4.96%. 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
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Stifel maintains a Buy rating on ServiceNow with a raised price target from $740 to $820, indicating a bullish outlook. The stock has recently traded up 2.34%.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Stifel typically instills confidence in investors and can lead to a positive short-term price movement. The recent uptick in stock price further supports the positive sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100