ServiceNow Stock (NOW): $700 Price Target From Deutsche Bank

By Amit Chowdhry ● Jan 23, 2022
  • The shares of ServiceNow (NYSE: NOW) have received a $700 price target from Deutsche Bank. These are the details.

The shares of ServiceNow (NYSE: NOW) have received a $700 price target from Deutsche Bank. And Deutsche Bank analyst Brad Zelnick adjusted the price target from $820 while maintaining a “Buy” rating on the company shares.

Zelnick is entering this year remaining bullish on software industry fundamentals while having a healthy respect for the market and macro backdrop. 

Plus Zelnick believes the group sets up well from here. But Zelnick recommends a balanced approach with greater valuation sensitivity than in recent years.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.