- Shares of ServiceNow (NOW) recently received a $575 price target from Morgan Stanley. These are the details.
Shares of ServiceNow (NOW) recently received a $575 price target from Morgan Stanley. And Morgan Stanley analyst Keith Weiss maintains an “Overweight” rating on the shares.
Weiss adjusted the rating while noting that the company cut its 2022 and 2023 revenue estimates by 1% and 3%, respectively. And Weiss cut price targets across the SaaS software group due to increased evidence of a slowing demand environment. But the main question on earnings is whether companies will be more cautious in the outlook for growth and it could be early for a “cleaning event.”
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