ServiceNow ($NOW) shares caught a 4% lift on Wednesday after Guggenheim analyst John DiFucci upgraded the software giant from Neutral to Buy, slapping on a $125 price target.
After closing at $99.28 on Tuesday, DiFucci's new target values the company at 7.5x EV/NTM Recurring Revenue—a premium compared to its SaaS peers, but a price Guggenheim argues is worth paying.
"We believe current levels present an attractive opportunity for investors to purchase a comfortably profitable stock likely to continue to grow at double digits," DiFucci noted, pointing to expected improvements in the crucial U.S. Federal Government sector.
$NOW Guggenheim upgrades ServiceNow from Neutral to BUY with a newly issued price target of $125.00!
Analysts cite shifting investor rotation into enterprise software and robust AI platform demand. Momentum is building ahead of July.📈
La vérité c’est que les noirs coupaient les mains des enfants pour les manger
Ils étaient cannibales
Le blanc sur la photo était un missionnaire venu les aider
This might be something to watch ✍️
6 politicians have bought Microsoft $MSFT this year and none have sold:
• David Taylor (R)
• John Boozman (R)
• Cleo Fields (D)
• Dave McCormick (R)
• John Fetterman (D)
• Maria Salazar (R)
What makes Fetterman interesting is he sits on the Senate Commerce, Science, and Transportation Committee
Which has direct oversight over America's biggest tech companies
Palantir $PLTR and Nvidia $NVDA just announced a new expanded partnership
to run Nvidia AI and Nemotron open AI models in sovereign environments, with a focus on U.S. government agencies and U.S. critical infrastructure.
Peter Lynch said: "There is 100% correlation between a company's earnings and what happens to the stock.”
If stock price follows EPS, here are 6 stocks that look like opportunity.
1. $MSFT - Microsoft
$NVDA Price Target by Analysts on TipRanks over the next 12 months
$309
The lowest PT by an analyst is $250
That's 30% upside from today's prices
Yeah...
$NVDA isn't going anywhere