January 3, 2025
Morning Brief anchors Brad Smith and Madison Mills examine today's top Wall Street analyst calls.
RBC Capital has increased its price target on ServiceNow ( NOW ) to $1,210 per share from $1,045. The firm highlights ServiceNow's potential to monetize generative AI demand through its Pro Plus offering, launched in 2023.
Wolfe Research has upgraded pet retailer Chewy ( CHWY ) to Outperform, pointing to multiple growth drivers: improving customer acquisition, increased net sales, new product initiatives, and planned international expansion.
Additionally, Raymond James has raised its rating on Block ( SQ ) to Outperform with a price target of $115, expressing confidence in the company's growth prospects for 2025.
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This post was written by Angel Smith