Salesforce and ServiceNow may be rivals in the enterprise software space, but KeyBanc analysts said one company has potential for growth while the other is poised to fall behind. Shares of Salesforce climbed 3.5% Friday after KeyBanc upgraded the stock to Overweight from Sector Weight and set a price target of $440. The firm downgraded ServiceNow to Sector Weight from Overweight, citing “risks with limited multiple expansion potential.” Read More...
Salesforce and ServiceNow may be rivals in the enterprise software space, but KeyBanc analysts said one company has potential for growth while the other is poised to fall behind. Shares of Salesforce climbed 3.5% Friday after KeyBanc upgraded the stock to Overweight from Sector Weight and set a price target of $440. The firm downgraded ServiceNow to Sector Weight from Overweight, citing “risks with limited multiple expansion potential.”
