Reported 1 day ago
UBS has lowered its price target for ServiceNow, Inc. (NYSE:NOW) to $1,075 from $1,100 while maintaining a Buy rating ahead of its Q3 earnings report. Despite solid core business performance, feedback on AI adoption has been disappointing, similar to trends observed in other SaaS companies. The cautious sentiment in the SaaS/app market suggests limited near-term downside for the stock.
Source: YAHOO