Barclays Remains a Buy on ServiceNow (NOW)

In a report released today, Raimo Lenschow from Barclays maintained a Buy rating on ServiceNow (NOW – Research Report), with a price target of $890.00. The company’s shares closed yesterday at $716.25.

Lenschow covers the Technology sector, focusing on stocks such as Microsoft, Pegasystems, and Salesforce. According to TipRanks, Lenschow has an average return of 2.8% and a 48.58% success rate on recommended stocks.

In addition to Barclays, ServiceNow also received a Buy from CMB International Securities’s Saiyi HE in a report issued today. However, yesterday, Truist Financial maintained a Hold rating on ServiceNow (NYSE: NOW).

NOW market cap is currently $151.9B and has a P/E ratio of 88.03.

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.

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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.