ServiceNow (NOW) Price Target Set at $85 by KeyBanc
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowKeyBanc has reiterated an Underweight rating on ServiceNow (NOW) and set a price target of $85 following its Financial Analyst Day, during which CEO Bill McDermott announced a goal of $30 billion in subscription revenue by 2030. This target represents a 17.5% compound annual growth rate from 2027 to 2030. Additionally, ServiceNow aims to maintain a rule of 60 or higher by 2030. Currently, 90% of analysts rate ServiceNow as a Buy, with an average price target of $140, indicating a potential 52.16% upside from the current price of $92.01.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About ServiceNow Inc. (NOW)
ServiceNow provides a cloud platform that automates IT, employee, and customer workflows for large enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier NOW news
- S&P 500 Futures Fall 0.5% Amidst Mixed Earnings Reports
- S&P 500 Hits All-Time High as Market Rotates in October 2023
- ServiceNow (NOW) stock target cut by Truist over AI concerns
- UBS Downgrades ServiceNow (NOW) Price Target From $170 to $100
- ServiceNow (NOW) Downgraded by UBS Amid AI Concerns
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