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ServiceNow price target raised to $1,234 from $1,160 at Citi

Citi analyst Tyler Radke raised the firm’s price target on ServiceNow (NOW) to $1,234 from $1,160 and keeps a Buy rating on the shares. The company reported solid results with beats on remaining performance obligation, subscription revenue and profitably, the analyst tells investors in a research note. The firm views ServiceNow’s outlook as conservative.

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