Canaccord raised the firm’s price target on ServiceNow ( NOW ) to $1,200 from $1,000 and keeps a Buy rating on the shares after meeting with management. The key takeaway here was management’s confidence in the durability of the company’s growth, the analyst tells investors in a research note. The firm says ServiceNow shares are expensive, “but it’s probably the best fundamentally positioned in our coverage, so it’s one that you need to own and buy on pullbacks.”

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on NOW: