Markets
Cantor Fitzgerald Raises Microsoft and ServiceNow Price Targets
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.