CLSA Initiates Bearish Rating on ServiceNow Ahead of Earnings Report
CLSA initiated coverage on ServiceNow with an Underperform rating and a $72 price target, implying about 30% downside from the current stock price. The bearish call contrasts sharply with recent bullish analyst ratings such as Oppenheimer's $140 target and Guggenheim’s upgrade to Buy at $125.
Tickers: $NOW
Topics: AI adoption analyst rating enterprise software stock price