Citi likes the “industrial logic” of ServiceNow’s (NOW) acquisition of Armis. The deal adds predictive security features to the company’s AI Control Tower offering, the analyst tells investors in a research note. Citi, however, says the deal is not “transformative,” despite being ServiceNow’s largest ever. It believes the company can continue posting 20% organic subscription growth and keeps a Buy rating on the shares with a $250.60 price target
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