In a report released today, Brian Schwartz from Oppenheimer maintained a Buy rating on ServiceNow (NOW – Research Report), with a price target of $825.00. The company’s shares closed yesterday at $746.29.
According to TipRanks, Schwartz is a top 100 analyst with an average return of 20.3% and a 62.55% success rate. Schwartz covers the Technology sector, focusing on stocks such as Salesforce, Adobe, and PROS Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ServiceNow with a $874.90 average price target, a 17.23% upside from current levels. In a report released today, Bernstein also maintained a Buy rating on the stock with a $846.00 price target.
Based on ServiceNow’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.44 billion and a net profit of $295 million. In comparison, last year the company earned a revenue of $1.94 billion and had a net profit of $150 million
Based on the recent corporate insider activity of 203 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.
ServiceNow (NOW) Company Description:
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.
