JMP Securities Maintains Market Outperform on ServiceNow, Raises Price Target to $1000
Portfolio Pulse from Benzinga Newsdesk
JMP Securities has maintained a Market Outperform rating on ServiceNow and raised its price target from $850 to $1000, indicating confidence in the company's future performance.
October 17, 2024 | 12:04 pm
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JMP Securities has increased its price target for ServiceNow from $850 to $1000 while maintaining a Market Outperform rating, suggesting a positive outlook for the company's stock.
The increase in price target from $850 to $1000 by JMP Securities reflects a strong positive sentiment towards ServiceNow's future performance. Maintaining a Market Outperform rating further supports the expectation of upward price movement. Such analyst actions typically lead to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100