UBS Maintains Buy on ServiceNow, Raises Price Target to $885
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Keirstead has maintained a Buy rating on ServiceNow (NYSE:NOW) and increased the price target from $865 to $885.
January 25, 2024 | 7:59 pm
News sentiment analysis
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POSITIVE IMPACT
UBS has reaffirmed its Buy rating on ServiceNow and raised the price target to $885, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like UBS suggests a strong confidence in ServiceNow's future performance. This typically has a positive impact on investor sentiment and can lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100