ServiceNow price target raised to $1,432 from $1,071 at Citi

Citi raised the firm’s price target on ServiceNow (NOW) to $1,432 from $1,071 and keeps a Buy rating on the shares. The firm remains positive on ServiceNow into Q4 earnings after its “solid” post-quarter partner checks. The checks highlighted “healthy” GenAI/Pro Plus demand, some budget flush, a strong federal quarter, and some deal pull-ins from Q1, the analyst tells investors in a research note. Citi feels the rise in shares is justified, and notes some partners are expecting accelerated growth into next year.