Stifel analyst Brad Reback raised the firm’s price target on ServiceNow to $900 from $820 and keeps a Buy rating on the shares after the company posted Q2 cRPO upside above last quarter and management raised constant currency FY24 subscription revenue guidance by $10M more than the Q2 beat. The “only knock on the quarter” was news that ServiceNow’s COO, CJ Desai, departed the company, which was “surprising” but not seen by the firm as impacting future growth.
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