ServiceNow $NOW price target raised to $155 from $115 at Needham
Needham analyst Mike Cikos raised the firm's price target on ServiceNow to $155 from $115 and keeps a Buy rating on the shares.
The firm left a conversation with ServiceNow earlier this week "incrementally more positive" on the company's positioning and roadmap, particularly for AI governance. Needham attributes the 37% rally since the company's fiscal Q2 report to the "solid -beat-and-raise" and shifting investor sentiment regarding software-as-a-service.