Evercore ISI Raises ServiceNow PT to $950, Goldman Sachs to $1,000; Analysts Increase Meta Targets

Evercore ISI has raised its price target on ServiceNow (NOW) to $950 from $850, reflecting a 20% increase in ServiceNow shares over the last three months compared to the IGV's 2% increase. This comes ahead of ServiceNow's F3Q24 results on October 23rd. Goldman Sachs also raised its price target for ServiceNow to $1,000 from $940, citing the company's strong performance and expected subscription revenue growth of at least 20.3/20.5% USD/CC. Additionally, several analysts have raised their price targets for Meta Platforms (META). KeyBanc raised its target to $655 from $560, Cantor Fitzgerald increased its target to $670 from $660 while maintaining its Overweight rating, Raymond James raised its target to $650 while maintaining a Strong Buy, and Truist Securities raised its target to $650 from $570.