ServiceNow Receives Consensus Rating of “Buy” from Analysts (NYSE:NOW)
Shares of ServiceNow (NYSE:NOW) have received an average recommendation of “Buy” from the twenty-four analysts that are currently covering the stock, StockRatingsNetwork.com reports. Six analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $64.61.
Shares of ServiceNow (NYSE:NOW) traded down 1.89% during mid-day trading on Friday, hitting $57.69. The stock had a trading volume of 241,741 shares. ServiceNow has a 1-year low of $41.33 and a 1-year high of $71.80. The stock’s 50-day moving average is $59.41 and its 200-day moving average is $58.55. The company’s market cap is $8.334 billion.
ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, July 30th. The company reported ($0.07) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.07). The company had revenue of $166.48 million for the quarter, compared to the consensus estimate of $161.53 million. During the same quarter last year, the company posted ($0.06) earnings per share. ServiceNow’s revenue was up 62.9% compared to the same quarter last year. On average, analysts predict that ServiceNow will post $-0.07 earnings per share for the current fiscal year.
In other ServiceNow news, Insider Frederic B. Luddy unloaded 50,000 shares of ServiceNow stock on the open market in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $58.31, for a total value of $2,915,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on NOW. Analysts at Credit Suisse reiterated a “neutral” rating on shares of ServiceNow in a research note on Thursday. They now have a $50.00 price target on the stock, up previously from $40.00. Separately, analysts at RBC Capital raised their price target on shares of ServiceNow from $65.00 to $70.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of ServiceNow from $75.00 to $78.00 in a research note on Thursday. They now have a “positive” rating on the stock.
ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.
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