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Two primary broker-driven price-target upgrades (Stifel to $160, UBS to $150) signal rising expectations; positive commentary on pipeline and AI initiatives often precedes near-term equity moves, though a conservative management outlook provides a cap on upside.
What happened, with direct paths to the underlying reporting
Analysts boosted ServiceNow price targets on improving enterprise spend and new AI initiatives, including an India-focused AI Workflow Factory. Stifel cautions a conservative Q4 outlook despite a stronger pipeline, while UBS remains Neutral with valuation upside. The AI rollout and cRPO strength could drive further upside if deal activity sustains.
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