ServiceNow price target raised to $1,210 from $1,200 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on ServiceNow (NOW) to $1,210 from $1,200 and keeps an Overweight rating on the shares. The company reported another strong quarter as its artificial intelligence momentum is evident, the analyst tells investors in a research note. The firm believes ServiceNow’s bookings coverage and “prudent” guidance indicates potential estimate upside in the second half of the year.