Oppenheimer Lowers ServiceNow's Price Target While Maintaining Outperform Rating
Oppenheimer has lowered its price target for ServiceNow (NOW) from $175 to $130, citing lower valuation multiples in the software sector. The firm maintains an Outperform rating on the stock, expecting strong AI metrics and higher margins from ServiceNow's Q1 earnings, but notes potential challenges from soft Federal Government activity.
Tickers: $NOW
Topics: AI Analyst Rating Price Target ServiceNow Stock Analysis