- Shares of ServiceNow Inc (NYSE: NOW) received a $ 745 target price from Morgan Stanley. These are the details.
Shares of ServiceNow Inc (NYSE: NOW) received a $ 745 target price from Morgan Stanley. And Morgan Stanley analyst Keith Weiss maintains an “Overweight” rating on the shares.
Weiss adjusted the rating while noting that he was increasingly condemned to sustainable +30% free cash flow growth. And Weiss found a very attractive entry point in what is considered a leading software growth franchise.
This target price takes into account for rising interest rates and a rising equity risk premium even though its forward estimates have not changed significantly following the company’s first quarter report.
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