BMO Capital lowered the firm’s price target on ServiceNow (NOW) to $990 from $1,185 and keeps an Outperform rating on the shares. The spate of new tariffs raises the risk for global GDP growth and thus of IT demand trends, including for ServiceNow, the analyst tells investors in a research note.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOW:
- AI Daily: Google in talks to rent AI servers from CoreWeave
- ServiceNow to acquire Logik.ai, terms undisclosed
- Oppenheimer analysts hold an analyst/industry conference call
- ServiceNow price target lowered to $950 from $1,175 at Stifel
- ServiceNow price target lowered to $950 from $1,100 at Truist