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Stock impact report

Why ServiceNow Stock Is Gaining Today [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
ET, and been up as much as 3.1% earlier in the day. Two investment firms updated their valuation forecasts for ServiceNow today and lowered their respective price targets on the stock. But despite the downward forecast revisions, investors are buying shares because the new targets still suggest significant upside potential. In new coverage issued before the market opened today, Oppenheimer lowered its price target on ServiceNow stock from $1,200 per share to $970 per share. The firm's analysts expect the business to post solid Q1 reports that have the potential to beat Wall Street's expectations, but they see macroeconomic and geopolitical risk factors leading to weaker demand in the enterprise software market. Bank of America also cut its price forecast on ServiceNow today, lowering its target from $1,280 per share to $1,025 per share. On the other hand, the firm still maintained an outperform rating on the stock and expects that year-over-year growth for remaining performance Show less Read more
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