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Analysts Offer Insights on Technology Companies: ServiceNow (NOW) and Microsoft (MSFT)

  • 25.03.2025 06:00
  • markets.businessinsider.com
  • Keywords: success, success

Analysts from Scotiabank and Piper Sandler have given bullish ratings to ServiceNow (NOW) and Microsoft (MSFT), respectively, with price targets of $1050 and $520. The consensus remains Strong Buy for both, reflecting optimism in the tech sector.

Microsoft NewsMicrosoft ReportsNOWsentiment_satisfiedMSFTsentiment_satisfied
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Estimated market influence

ServiceNow

ServiceNow

Positivesentiment_satisfied
Analyst rating: Buy

Analyst upgraded ServiceNow with a price target of $1050.00, suggesting potential upside.

Microsoft

Microsoft

Positivesentiment_satisfied
Analyst rating: Strong buy

Analyst maintained Buy rating on Microsoft with a price target of $520.00, indicating confidence in future performance.

Context

Analysis of ServiceNow (NOW) and Microsoft (MSFT)

ServiceNow (NOW)

  • Analyst Rating: Scotiabank maintained a Buy rating with a price target of $1050.00.
  • Current Price: $849.73 (as of last Monday).
  • Consensus: Analyst consensus is Strong Buy, with an average price target of $1163.17, representing a 37.5% upside.
  • Other Insights: Wells Fargo also maintained a Buy rating on March 10, with a price target of $1250.00.

Microsoft (MSFT)

  • Analyst Rating: Piper Sandler maintained a Buy rating with a price target of $520.00.
  • Current Price: $393.08 (as of last Monday).
  • Consensus: Analyst consensus is Strong Buy, with an average price target of $511.76, representing a 29.4% upside.
  • Other Insights: UBS also maintained a Buy rating on March 10, with a price target of $510.00.

Market Implications and Competitive Dynamics

  • Both companies are favored by analysts, indicating strong market sentiment in the Technology sector.
  • ServiceNow’s higher upside percentage (37.5%) suggests greater growth potential compared to Microsoft’s 29.4%.
  • The competitive landscape appears favorable for both firms, with multiple analysts reaffirming their ratings and price targets.

Strategic Considerations

  • Investors may consider the strong buy ratings as indicators of long-term growth opportunities.
  • Both companies are well-positioned in their respective markets, with ServiceNow focusing on IT service management and Microsoft on enterprise software and cloud services.

Regulatory and Long-Term Effects

  • No specific regulatory impacts or long-term effects were mentioned in the text. However, the sustained bullish sentiment suggests positive industry trends and investor confidence.