In a report released yesterday, Arjun Bhatia from William Blair reiterated a Buy rating on ServiceNow (NOW – Research Report). The company’s shares closed last Wednesday at $664.76, close to its 52-week high of $693.47.
According to TipRanks.com, Bhatia is a 4-star analyst with an average return of 19.9% and a 76.5% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, DoubleVerify Holdings, and Sprout Social.
Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $701.09, which is a 3.8% upside from current levels. In a report issued on October 13, UBS also reiterated a Buy rating on the stock with a $650.00 price target.
See today’s best-performing stocks on TipRanks >>
ServiceNow’s market cap is currently $134.1B and has a P/E ratio of 810.40. The company has a Price to Book ratio of 62.83.
Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 2004 and based in California, ServiceNow, Inc. is a software company which provides enterprise cloud computing solutions to help companies manage digital workflows for enterprise operations. The company offers its solutions to various sectors including healthcare, education, oil and gas, telecommunications, government, consumer products, technology, IT and financial services.
Read More on NOW:
- Kepler Capital Downgrades Glanbia (GLAPF) to Hold
- Kepler Capital Reaffirms Their Buy Rating on Medios AG (MEDOF)
- Analysts Offer Insights on Consumer Goods Companies: Adidas (OtherADDYY), Compagnie Générale des Établissements Michelin (OtherMGDDF) and Emmi AG (OtherEMLZF)
- Analysts Have Conflicting Sentiments on These Technology Companies: Nokia (NOK) and Paragon ID SA (OtherPAGDF)
- Analysts’ Top Conglomerates Picks: ABB (ABB), Ferrovial (FRRVY)
