Wells Fargo raised the firm’s price target on ServiceNow (NOW) to $1,225 from $1,150 and keeps an Overweight rating on the shares. The firm notes the company’s Q2 results came in solidly ahead of expects with anecdotal commentary around AI, data, and CRM suggesting momentum still building. Wells continues to see favorable setup into the second half of the year with prudent guide plus large renewal cohort ahead.
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’s Strong Q2 Results and AI Prospects Drive Buy Rating and Increased Price Target
- ServiceNow price target raised to $1,234 from $1,160 at Citi
- ServiceNow’s Strong Performance and Growth Potential Earns Buy Rating from Analyst
- ServiceNow price target raised to $1,210 from $1,200 at Barclays
- ServiceNow’s Strong Q2 Performance and AI Growth Justify Buy Rating