ServiceNow Price Target Raised to $65.00 at Barclays (NOW)
Analysts at Barclays lifted their target price on shares of ServiceNow (NYSE:NOW) from $60.00 to $65.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 12.73% from the company’s current price.
A number of other analysts have also recently weighed in on NOW. Analysts at FBN Securities raised their price target on shares of ServiceNow from $55.00 to $65.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, 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, October 25th. They now have a “neutral” rating on the stock. Finally, 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, October 24th. They now have a “positive” rating on the stock. Five investment 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $57.77.
In other ServiceNow news, SVP David Schneider sold 27,500 shares of ServiceNow stock on the open market in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $56.86, for a total value of $1,563,650.00. Following the transaction, the senior vice president now directly owns 730 shares of the company’s stock, valued at approximately $41,508. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ServiceNow (NYSE:NOW) opened at 57.66 on Friday. ServiceNow has a 1-year low of $25.59 and a 1-year high of $59.08. The stock has a 50-day moving average of $53.59 and a 200-day moving average of $49.38. The company’s market cap is $8.000 billion.
ServiceNow (NYSE:NOW) last posted its quarterly earnings results 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 prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 73.1% on a year-over-year basis. Analysts expect that ServiceNow will post $-0.07 EPS for the current fiscal year.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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