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Stifel Sees Long-Term Value in ServiceNow (NOW) Despite Near-Term Headwinds

Analysts remain optimistic about ServiceNow (NOW) despite facing near-term challenges related to U. S. federal spending cuts. Stifel pointed out a potential $15 million reduction in a Treasury Department contract due to workforce changes, while other firms like Evercore ISI and Citi have maintained bullish ratings with price targets ranging from $200 to $250.60, indicating confidence in the company’s long-term growth potential.

Stifel Sees Long-Term Value in ServiceNow (NOW) Despite Near-Term Headwinds

Credit: Yahoo

Key Highlights

  • Stifel analyst rates ServiceNow (NOW) as a Buy but notes near-term headwinds.
  • U. S. federal spending cuts include a $15 million reduction in a Treasury Department contract.
  • Evercore ISI and Oppenheimer maintain Buy ratings with price targets of $225 and $200, respectively.
  • Citi also maintains a Buy rating with a higher price target of $250.60.
  • Analysts expect a solid upcoming quarter for ServiceNow.
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Sources

  1. Stifel Sees Long-Term Value in ServiceNow (NOW) Despite Near-Term Headwinds
  2. Analysts Are Bullish on ServiceNow (NOW) – Here’s Why

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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