ServiceNow price target raised to $1,070 from $980 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on ServiceNow (NOW) to $1,070 from $980 and keeps an Outperform rating on the shares. At a virtual fireside chat with with the company, CFO Gina Mastantuono emphasized the strong customer demand underpinning the GenAI momentum for its Pro Plus SKU, and was bullish on the new Workflow Data Fabric, which will power new workflows and AI agents, and drive additional monetization, the analyst tells investors in a research note. Mizuho continues to believe that ServiceNow remains well-positioned for growth over the next few years, fueled by ongoing demand for workflow automation, strong cross-sell opportunities, and AI monetization.