.July 18, 2024 07:39:00 AM

Citi analysts raised their price target on ServiceNow (NYSE:NOW) to $911 from $909, maintaining a Buy rating. They believe ServiceNow’s automation platform will drive market share growth through AI/GenAI use cases in IT and back/mid-office operations, despite soft software demand. Strong performance in North America and the Middle East, along with large deal momentum, are expected to boost financial results. Anticipated positive revisions in Q2, along with potential acceleration in cRPO metric in the second half of the year, provide additional catalysts for growth.