ServiceNow price target raised to $1,050 from $1,025 at Wells Fargo

Wells Fargo raised the firm’s price target on ServiceNow (NOW) to $1,050 from $1,025 and keeps an Overweight rating on the shares. The firm notes Q3 results were impressively down the fairway despite all the noise heading into the print, with cRPO acceleration while U.S. Fed concerns dismissed, CPO/COO position filled, and still positive commentary on AI/Pro+/large deal momentum.