ServiceNow rises on back of Morgan Stanley upgrade

14 hours ago 2
ServiceNow headquarters in Santa Clara, California, USA

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  • ServiceNow (NYSE:NOW) shares rose 2.4% in premarket trading on Wednesday after Morgan Stanley upgraded the enterprise software company, citing overblown risks.
  • “ServiceNow's overall business fundamentals have remained sound despite a more volatile backdrop, delivering subscription revenue growth of ~20% (constant currency); high-20% to low-30% operating margin; and

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