ServiceNow (NOW) : Analyst Rating Update

ServiceNow (NOW) has an average broker rating of 1.42, which is interpreted as a Strong Buy, as rated by 19 equity analysts. Nonetheless, 15 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

ServiceNow (NOW) : 16 investment research analysts covering ServiceNow (NOW) have an average price target of $82.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $102 and the lowest target is $60 for the short term. Analysts expect the variance to be within $10.26 of the average price.

ServiceNow (NYSE:NOW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.05 and $64.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.33, notching a gain of 0.09% for the day. The total traded volume was 1,171,912 . The stock had closed at $65.27 on the previous day.

Also, Cowen & Company initiates coverage on ServiceNow (NYSE:NOW). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on June 24, 2016. The company shares have dropped -12.78% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $91.28 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $71.30 and the 200 Day Moving Average price is recorded at $67.68.

ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (HR), facilities, field service, marketing, legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries, including financial services, consumer products, IT services, health care and technology. The Company offers a portfolio of services, including Professional Services, Education Services and Customer Support. The Company provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.

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