FBN Securities Increases ServiceNow Price Target to $65.00 (NOW)
Stock analysts at FBN Securities upped their price target on shares of ServiceNow (NYSE:NOW) from $55.00 to $65.00 in a report issued on Friday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. FBN Securities’ price target would indicate a potential upside of 14.66% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of ServiceNow from $35.00 to $40.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of ServiceNow from $56.00 to $65.00 in a research note to investors on Thursday. They now have a “positive” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of ServiceNow from $52.00 to $62.00 in a research note to investors on Thursday. They now have a “strong-buy” rating on the stock. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. ServiceNow currently has an average rating of “Buy” and an average price target of $57.54.
Shares of ServiceNow (NYSE:NOW) traded down 2.88% on Friday, hitting $56.69. 2,050,901 shares of the company’s stock traded hands. ServiceNow has a one year low of $25.54 and a one year high of $50.35. The stock’s 50-day moving average is $45.42 and its 200-day moving average is $40.25. The company’s market cap is $7.755 billion.
ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $111.30 million for the quarter, compared to the consensus estimate of $105.33 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 73.1% on a year-over-year basis.
In other ServiceNow news, SVP David Schneider unloaded 25,500 shares of ServiceNow stock on the open market in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $50.54, for a total transaction of $1,288,770.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.