Jefferies raised the firm’s price target on ServiceNow to $900 from $885 and keeps a Buy rating on the shares following an analysis of Pro+’s potential impact to subscription revenue for the next few years. Pro+ and GenAI adoption have outpaced ServiceNow’s expectations and the Pro SKU ramp, notes the analyst, who says the AI tailwind increases the firm’s confidence ServiceNow will at least meet its 2026 subscription revenue target of $15B-plus.
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