ServiceNow Stock Gains Momentum with Higher Price Targets

Canaccord Genuity Group has raised its price target for ServiceNow (NYSE:NOW) stock from $1,000 to $1,200, maintaining a “buy” rating. This indicates a projected 9.97% increase from the company’s last closing price. Other analysts, such as UBS and Robert W. Baird, have also increased their price targets, reflecting strong market confidence. The company’s stock performance has been impressive, with a year-over-year revenue increase of 22.2% and robust quarterly earnings exceeding expectations. ServiceNow’s shares opened at $1,091.25, showcasing its significant growth trajectory. Insiders have recently sold shares, but institutional ownership remains high at 87.18%. With strong financial metrics and widespread “buy” ratings, ServiceNow continues to attract investor interest.