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Goldman Sachs cuts ServiceNow's price target but keeps "buy" rating, firm reports solid earnings.
Goldman Sachs lowered ServiceNow's price target from $1,200 to $1,050 but maintains a "buy" rating, suggesting a 33.62% upside from the current price.
ServiceNow reported $3.67 earnings per share in the latest quarter, meeting estimates.
The company, known for its digital transformation and AI services, has a market cap of $170.11 billion and a PE ratio of 120.91.
Institutional investors including Legacy Financial Advisors and the State of North Carolina have increased their stakes in ServiceNow, indicating ongoing interest despite the price target reduction.
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Goldman Sachs corta el objetivo de precios de ServiceNow, pero mantiene la calificación de "compra", la firma reporta ganancias sólidas.