NOW price target raised to $140 from $135 at Jefferies post earnings release Jefferies analyst Samad Samana raised the firm's price target o
NOW price target raised to $140 from $135 at Jefferies post earnings release Jefferies analyst Samad Samana raised the firm's price target on ServiceNow to $140 from $135 and keeps a Buy rating on the shares. The company posted healthy beats on constant currency cRPO, constant currency subscription revenue, and operating margin, and while cRPO and subscription revenue benefited from deal timing, the net new Annual Contract Value outperformance contributed to upside for both, the analyst tells investors in a research note. The healthy Q3 constant currency cRPO outlook reflects the strength in the business, the firm added.
NOW price target raised to $140 from $135 at Jefferies post earnings release Jefferies analyst Samad Samana raised the firm's price target on ServiceNow to $140 from $135 and keeps a Buy rating on the shares.
The company posted healthy beats on constant currency cRPO, constant currency subscription revenue, and operating margin, and while cRPO and subscription revenue benefited from deal timing, the net new Annual Contract Value outperformance contributed to upside for both, the analyst tells investors in a research note.
The healthy Q3 constant currency cRPO outlook reflects the strength in the business, the firm added.