ServiceNow stock rises after Arete upgrade; Microsoft veteran Nowbar joins leadership
ServiceNow shares rose 1.3% to $149.51 Tuesday after Arete upgraded the stock to “buy” with a $200 price target. Piper Sandler trimmed its target but kept an Overweight rating. Investors are watching U.S. jobs and inflation data, as well as ServiceNow’s late-January earnings. The company recently agreed to buy Armis for $7.75 billion.