RBC ups PT for top pick ServiceNow

|About: ServiceNow, Inc. (NOW)|By:, SA News Editor

RBC raises its ServiceNow (NYSE:NOW) target from $230 to $250 after the January Q4 report and keeps the company as a top pick.

The firm remains bullish on NOW's "ability to attract new customers and cross/up-sell its base."

RBC sees ample tailwinds from the ongoing digital transformations in enterprise and the public sector and a "significant runway" for growth and additional margin expansion.

NOW shares are down 0.1% pre-market to $236.70.

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