Cantor Fitzgerald Raises Microsoft and ServiceNow Price Targets
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Cantor Fitzgerald has increased the price targets for Microsoft and ServiceNow, citing strong momentum in AI software and cloud infrastructure. Analyst Thomas Blakey raised Microsoft's target to $608 and ServiceNow's to $174, both with Overweight ratings, despite the software sector's underperformance compared to the broader market. The adjustments are driven by Microsoft's Azure growth and AI initiatives, and ServiceNow's AI-driven upgrades and steady organic growth.
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