ServiceNow (NOW) Receives ‘Analyst’ Rating

ServiceNow (NOW) : 17 brokerage houses believe that ServiceNow (NOW) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ServiceNow (NOW). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 20 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.3.

ServiceNow (NOW) : 18 Wall Street analysts covering ServiceNow (NOW) believe that the average level the stock could reach for the short term is $84.67. The maximum price target given is $102 and the minimum target for short term is around $70, hence the standard deviation is calculated at $8.07.


Also, Equity Analysts at the Brokerage Firm, Pacific Crest, maintains their rating on the shares of ServiceNow (NYSE:NOW). Pacific Crest has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $80 per share from a prior target of $75. The rating by the firm was issued on July 28, 2016.

ServiceNow (NYSE:NOW): After opening at $73.27, the stock dipped to an intraday low of $72.98 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.75 and the buying power remained strong till the end. The stock closed at $77.71 for the day, a gain of 7.10% for the day session. The total traded volume was 3,084,080. The stocks close on the previous trading day was $72.56.

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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