TD Cowen analyst Derrick Wood raised the firm’s price target on ServiceNow (NOW) to $1,000 from $900 and keeps a Buy rating on the shares. The firm said their checks point to a strong Fed quarter, Cowen’s sales hiring tracker is robust and their SI converasations indicate Pro+ adoption is broadening. Overall, they expect a modest beat and in-line guide and continue to view the company as one of the best SaaS vendors monetizing GenAI.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOW:
- Options Volatility and Implied Earnings Moves This Week, October 21 – October 25, 2024
- ServiceNow downgraded at Morgan Stanley on balanced risk/reward
- ServiceNow downgraded to Equal Weight from Overweight at Morgan Stanley
- Is NOW a Buy, Before Earnings?
- Boston Scientific downgraded, Datadog upgraded: Wall Street’s top analyst calls