Stifel lowered the firm’s price target on ServiceNow (NOW) to $1,150 from $1,200 and keeps a Buy rating on the shares following a “solid print and commentary.” It appears that both enterprise and Federal agency spend for modern, marketing leading platforms accelerated quarter-over-quarter, which the firm views as positive for infrastructure names like Dynatrace (DT), Datadog (DDOG) and JFrog (FROG) when they report next week, the analyst tells investors.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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 $1,075 from $1,020 at JPMorgan
- ServiceNow price target raised to $1,315 from $1,250 at Morgan Stanley
- ServiceNow’s Strong Performance and Strategic Positioning Justify Buy Rating
- ServiceNow’s Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- ServiceNow’s Strong Performance and AI Advancements Justify Buy Rating and $1,200 Price Target