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Redburn Lowers ServiceNow (NOW) Price Target to $215
Redburn (Rothschild & Co Redburn) has lowered its price target for ServiceNow (NOW) from $230 to $215, while maintaining a Buy rating. The firm highlights ServiceNow’s strong competitive moat due to its platform integrations and IT workflow knowledge. Separately, ServiceNow expanded its partnership with Carahsoft Technology Corp., aiming to extend the availability of its AI Platform to a broader market beyond government IT, including healthcare, financial services, and critical infrastructure.