ServiceNow momentum to continues, according to Evercore ISI By Investing.com
From Investing.com:
Evercore ISI analysts believe that ServiceNow’s momentum will continue, raising the price target for the company’s shares to $800 from $725 and maintaining an Outperform rating. A partner survey suggests estimates may have an upward bias in 2024, with potential upside from the Pro+ SKU, indicating strong market momentum for ServiceNow. For F4Q results, modest upside is expected to revenue and CRPO growth. Initial FY24 estimates will likely bracket around 21% subscription revenue growth and F1Q CRPO of 20-21%.
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