ServiceNow (NOW) Rated Neutral by Morgan Stanley

• Rating: Equal-Weight

• Target Price: $1,019.99

• Current Price: $1,022.98 (▼ $12.03 or 1.16%)

• 52-Week Range: $678.66 – $1,198.09

• Market Cap: $211.9B

• ABR (Average Brokerage Recommendation): 1.31
  – Out of 42 firms: 35 Strong Buy, 3 Buy

Context:
Despite the neutral stance from Morgan Stanley, the broader Wall Street remains bullish on ServiceNow (NOW), a leader in cloud-based workflow solutions. The strong ABR suggests continued confidence in its long-term growth, even amid notable price volatility.