Wells Fargo Maintains Overweight on ServiceNow, Raises Price Target to $1025
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on ServiceNow and raised the price target from $935 to $1025.
October 07, 2024 | 8:37 pm
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POSITIVE IMPACT
Wells Fargo has increased its price target for ServiceNow from $935 to $1025, maintaining an Overweight rating. This suggests confidence in ServiceNow's growth potential.
The increase in price target by Wells Fargo indicates a positive outlook on ServiceNow's future performance. Maintaining an Overweight rating suggests that the analyst expects the stock to outperform the market. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100