Needham raised the firm’s price target on ServiceNow (NOW) to $1,200 from $1,150 and keeps a Buy rating on the shares after its Q4 results. The company’s new management brings fresh eyes to explore new monetization mechanisms – particularly as Agentic AI decouples the model from traditional, seat-based selling, the analyst tells investors in a research note. Despite the larger than expected FX headwind, Needham believes that ServiceNow is positioned for outperformance over the duration of the year.
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