BMO Capital analyst Daniel Salmon lowered the price target on Amazon.com Inc. to $3,600 from $4,100 but reiterated an Outperform rating on the shares. The price target implies an upside of 29 percent. The analyst is also reducing his FY22 EPS view to $42.99 from $65.04. The revision reflects his expectations of lower online stores and third-party seller revenues in…
Analysts Lift ServiceNow Price Target After Q4 Results
Analysts mostly hailed ServiceNow Inc.’s Q4 results by raising their price targets. Piper Sandler analyst Rob Owens upgraded ServiceNow to Overweight from Neutral with an unchanged price target of $650 (20 percent upside). Subscription billings acceleration and considerable deal strength “punctuated a solid 4Q result” from the company. The analyst says that with digital transformation initiatives sustaining and IT spending outlook…
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