UBS lowered the firm’s price target on ServiceNow (NOW) to $1,100 from $1,125 and keeps a Buy rating on the shares. ServiceNow posted a 200 basis point beat on Q2 backlog and cRPO growth, raised the 2025 subscription revenue growth guidance, and reaffirmed guidance for free cash flow and operating margin, the analyst tells investors in a research note. The Q2 guidance for “just” 18% cRPO growth could be conservative, UBS says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOW:
- ServiceNow price target raised to $1,200 from $1,110 at BofA
- ServiceNow price target raised to $1,150 from $1,025 at Jefferies
- ServiceNow price target raised to $1,150 from $1,100 at Oppenheimer
- ServiceNow price target raised to $1,225 from $1,150 at Wells Fargo
- ServiceNow’s Strong Q2 Results and AI Prospects Drive Buy Rating and Increased Price Target