Citi likes ‘industrial logic’ of ServiceNow buying Armis

Citi likes the “industrial logic” of ServiceNow’s (NOW) acquisition of Armis. The deal adds predictive security features to the company’s AI Control Tower offering, the analyst tells investors in a research note. Citi, however, says the deal is not “transformative,” despite being ServiceNow’s largest ever. It believes the company can continue posting 20% organic subscription growth and keeps a Buy rating on the shares with a $250.60 price target Claim 70% Off TipRanks This Holiday Season Published first ...