On Wednesday, Stifel analysts adjusted the price target for ServiceNow (NYSE: NOW ) shares, reducing it to $950 from the previous target of $1,175. Despite this change, the firm maintained a Buy rating on the stock. According to InvestingPro data, the stock currently trades at $811.56, with analyst targets ranging from $716 to $1,426, reflecting mixed market sentiment. The company's impressive gross profit margin of 79.2% underscores its operational efficiency. Stifel's analysis was based on conversations with several System Integrator (SI) contacts, which revealed a consistent level of enterprise deal activity. Additionally, data pertaining to the U.S. Federal market appeared strong. These factors are anticipated to contribute to a modest beat in calculated Remaining Performance Obligations (cRPO) growth, potentially reaching at least 21% year-over-year growth on a constant currency basis. This would exceed the company's own guidance of 20.5%.