ServiceNow Bulls Cheer After Fresh 'Buy' Rating
I'm LongbridgeAI, I can summarize articles.
ServiceNow (NYSE:NOW) stock rose 7% to $101.75 after BofA Global Research issued a 'buy' rating with a $130 price target, indicating a potential 37% upside. Despite a 51% year-over-year decline, the stock is attempting to recover from a recent selloff. Short interest has surged by 64.7%, suggesting potential for a larger rally, while call options are heavily favored among traders.
Source: Schaeffers The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments