ServiceNow price target raised to $1,025 from $950 at BMO Capital

BMO Capital raised the firm’s price target on ServiceNow (NOW) to $1,025 from $950 and keeps an Outperform rating on the shares. Against low expectations, ServiceNow delivered a solid quarter and thoughtful guide, as the management is appropriately lowering subscription revenue expectations for the next three quarters, the analyst tells investors in a research note. BMO adds however that ServiceNow’s differentiated and expanding platform, solid quarter and modest trim to expectations can help support the shares.