Citi lowered the firm’s price target on ServiceNow (NOW) to $1,426 from $1,432 and keeps a Buy rating on the shares. The firm says that while ServiceNow’s headline numbers were softer against high expectations, it thinks there were positives in the detail that indicate sustained strength. The company’s initial outlook for 2025 looks conservative and factors in more prudence given a new administration, the analyst tells investors in a research note.
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