ServiceNow stock rises after ex-Microsoft legal chief joins as president, even as Wall Street trims targets
ServiceNow named former Microsoft executive Hossein Nowbar as president and chief legal officer, replacing Russ Elmer. Shares rose 0.6% to $148.38 in afternoon trading. RBC Capital and Piper Sandler lowered their price targets but kept positive ratings. The stock remains down about 29% over the past six months.