From Financial Modeling Prep: 2025-01-03 10:35:00

RBC Capital analysts increased ServiceNow’s price target to $1,210, citing long-term growth potential and expanding role in enterprise operations. The company’s evolution beyond IT to offer custom SaaS applications for various functions positions it as a key player in the enterprise software market. The price target is based on a 19x EV/revenue multiple for 2025, reflecting confidence in ServiceNow’s growth and margin profile. ServiceNow’s early adoption of generative AI technology sets it up for continued success as a foundational platform for enterprise innovation.



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