Barclays raised the firm’s price target on ServiceNow (NOW) to $1,000 from $980 and keeps an Overweight rating on the shares. The company reported a “healthy Q3 across the board,” the analyst tells investors in a research note. The firm believes ServiceNow shares “will continue to work once the dust settles around very short-term quarterly expectations.” The company is delivering better sales growth than peers at strong margin levels and has an emerging generative artificial intelligence story that seems credible, contends Barclays.
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