Reported 1 day ago
Truist Securities has reaffirmed a 'Buy' rating for ServiceNow Inc. (NOW) with a price target of $1,200, highlighting the company's impressive 21% revenue growth and strong profit margins. Concerns regarding the impact of artificial intelligence on its seat-based growth model were downplayed, as the company adapts its hiring processes to leverage AI efficiencies. ServiceNow is also collaborating with federal agencies and Brazilian institutions to promote AI-driven modernization and skills training.
Source: YAHOO