On Oct 24, major Wall Street analysts update their ratings for $ServiceNow (NOW.US)$, with price targets ranging from $913 to $1,100.
Morgan Stanley analyst Keith Weiss maintains with a hold rating, and maintains the target price at $960.
J.P. Morgan analyst Mark Murphy maintains with a buy rating, and adjusts the target price from $820 to $950.
BofA Securities analyst Bradley Sills maintains with a buy rating, and adjusts the target price from $900 to $1,075.
Barclays analyst Raimo Lenschow maintains with a buy rating, and adjusts the target price from $980 to $1,000.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and maintains the target price at $1,050.
Furthermore, according to the comprehensive report, the opinions of $ServiceNow (NOW.US)$'s main analysts recently are as follows:
The company demonstrated a robust Q3 performance surpassing expectations across various measures, accompanied by an optimistic fiscal 2024 revenue projection. It's evident that the company's significant inflection in artificial intelligence bookings sends a strong message.
ServiceNow delivered a robust performance in the third quarter, according to an analyst's research note. It is believed that the shares of ServiceNow will maintain their positive trajectory once the temporary fluctuations surrounding short-term quarterly forecasts have subsided. The company stands out for achieving superior sales growth compared to its competitors while maintaining high margin levels. Additionally, there is an evolving narrative around its credible ventures into generative artificial intelligence.
The firm recognizes ServiceNow's quarterly outcomes and insights from the conference call regarding net-new ACV from sectors that were previously underperforming, along with the uptake of AI products, as sufficient reasons to maintain a positive stance on the stock.
ServiceNow's recent report exceeded expectations, continuing a trend of strong performance, and the company's announcement regarding significant deal achievements with NOW Assist was seen as particularly positive. This provides more tangible proof of momentum with GenAI.
ServiceNow exhibited a robust third quarter, showcasing better-than-expected performance across key metrics, coupled with a positive revision of the full-year forecast. The momentum in GenAI is persisting and is influencing purchasing choices, highlighted by the adoption of Now Assist.
Here are the latest investment ratings and price targets for $ServiceNow (NOW.US)$ from 18 analysts:
Note:
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