Wall Street analysts remain positive on ServiceNow (NYSE:NOW) following the company’s analyst day and Knowledge 2023 user conference in Las Vegas. Analysts from Mizuho, Guggenheim, Stifel, and Bank of America all have Buy ratings on the stock, with price targets ranging from $510 to $600. Analysts noted that demand for NOW’s platform remains durable, and that the company is well-positioned to monetize its Generative AI offering. They also highlighted the company’s observability opportunity, which they believe is underappreciated. With the reset now in the rearview mirror, analysts are focusing on the sizeable opportunity ahead for NOW.
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