JPMorgan Lowers ServiceNow Price Target to $195 While Keeping Overweight Call
JPMorgan cut its 12-month price target on ServiceNow (NOW) to $195 from $215 but retained an Overweight rating. The bank emphasizes the company’s leadership in cloud-based IT workflow management, accelerating move into complementary workflow categories, solid revenue growth and healthy cash generation, while the stock trades near recent lows.