BMO Capital Maintains Outperform on ServiceNow, Lowers Price Target to $830
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains an Outperform rating on ServiceNow (NYSE:NOW) but lowers the price target from $850 to $830.
April 25, 2024 | 4:27 pm
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ServiceNow's Outperform rating is maintained by BMO Capital, though its price target is reduced from $850 to $830.
The adjustment in price target by BMO Capital reflects a slight change in valuation expectation for ServiceNow, though the Outperform rating indicates continued confidence in the company's performance. This could lead to mixed short-term market reactions, balancing between the maintained positive outlook and the reduced price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100