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CNBC Television published this video item, entitled “Goldman Sachs adds ServiceNow to ‘conviction buy’ list” – below is their description.
CNBC’s Morgan Brennan takes a look at the stock bringing the iShares Expanded Tech-Software ETF higher. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
ServiceNow’s recent struggles should prove temporary as the company will soon resume its growth to become a major player in enterprise software, according to Goldman Sachs.
The investment firm added the stock to its conviction buy list, with analyst Kash Rangan saying in a note to clients on Thursday that the pandemic delivered a temporary hit to ServiceNow’s customer base that should lift.
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In This Story: Goldman Sachs
The Goldman Sachs Group, Inc. (NYSE: GS), is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting.