ServiceNow Analysts Boost Their Forecasts Following Upbeat Q3 Earnings
Portfolio Pulse from Avi Kapoor
ServiceNow Inc (NYSE:NOW) reported better-than-expected Q3 earnings, with revenue and adjusted earnings surpassing analyst estimates. The company raised its full-year topline guidance, citing strong momentum from customer investments in its AI platform. Despite the positive results, shares fell 1.1%. Analysts have raised their price targets for ServiceNow, maintaining positive ratings.
October 24, 2024 | 12:38 pm
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ServiceNow reported Q3 earnings that exceeded expectations, leading to raised full-year guidance. Analysts have increased their price targets, maintaining positive ratings. Despite this, shares fell 1.1%.
ServiceNow's Q3 earnings exceeded expectations, leading to raised guidance and increased analyst price targets. This typically indicates positive sentiment and potential for stock price appreciation. However, the immediate share price drop suggests market volatility or profit-taking.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100