Several analysts have recently updated their ratings and price targets for ServiceNow (NYSE: NOW):

  • 2/11/2018 – ServiceNow had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $165.00 price target on the stock. They wrote, “We believe NOW is poised to execute against a massive digital transformation opportunity, with the majority of its $62bn TAM from newer, less penetrated markets. Our analysis suggests that even if NOW penetrates its Emerging Solutions markets less than half as quickly as it penetrated the ITSM market, the company can exceed its $4bn revenue target by 2020. We believe net-new ACV mix shifting towards Emerging Solutions increases the likelihood of achieving sufficient penetration beyond core ITSM. This is further evidenced by a building presence of emerging products within the top 20 deals in a quarter. As the figure below depicts, ITBM, GRC, and Analytics had the strongest y/y growth in presence among the largest deals booked. A lower-sloped trend indicates stronger momentum for a respective product. See our recent earnings note, NOW: 4Q17 – NOW More Than Ever.””
  • 2/2/2018 – ServiceNow had its “buy” rating reaffirmed by analysts at Evercore ISI. They now have a $170.00 price target on the stock.
  • 2/1/2018 – ServiceNow had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 2/1/2018 – ServiceNow had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $160.00 price target on the stock.
  • 2/1/2018 – ServiceNow had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $208.00 price target on the stock, up previously from $158.00.
  • 2/1/2018 – ServiceNow had its price target raised by analysts at Barclays PLC from $150.00 to $158.00. They now have an “overweight” rating on the stock.
  • 2/1/2018 – ServiceNow had its “in-line” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $165.00 price target on the stock, up previously from $160.00.
  • 2/1/2018 – ServiceNow had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $180.00 price target on the stock, up previously from $168.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/1/2018 – ServiceNow had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $175.00 price target on the stock, up previously from $150.00.
  • 2/1/2018 – ServiceNow had its price target raised by analysts at Stifel Nicolaus from $120.00 to $150.00. They now have a “hold” rating on the stock.
  • 2/1/2018 – ServiceNow had its price target raised by analysts at BMO Capital Markets from $133.00 to $165.00. They now have an “outperform” rating on the stock.
  • 2/1/2018 – ServiceNow had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $165.00 price target on the stock, up previously from $150.00.
  • 1/30/2018 – ServiceNow had its price target raised by analysts at Bank of America Corp from $140.00 to $165.00. They now have a “buy” rating on the stock.
  • 1/30/2018 – ServiceNow had its price target raised by analysts at Morgan Stanley from $163.00 to $172.00. They now have an “overweight” rating on the stock.
  • 1/22/2018 – ServiceNow had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $160.00 price target on the stock, up previously from $140.00.
  • 1/16/2018 – ServiceNow had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $160.00 price target on the stock, up previously from $138.00.
  • 1/16/2018 – ServiceNow had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $160.00 price target on the stock.
  • 1/15/2018 – ServiceNow had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $150.00 price target on the stock.

Shares of ServiceNow Inc (NOW) traded up $3.29 during midday trading on Monday, reaching $148.45. The company’s stock had a trading volume of 978,969 shares, compared to its average volume of 2,029,756. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.10. The company has a market cap of $25,360.00, a price-to-earnings ratio of -168.69, a PEG ratio of 30.87 and a beta of 1.26. ServiceNow Inc has a 1-year low of $83.42 and a 1-year high of $157.00.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The business had revenue of $546.37 million during the quarter, compared to analyst estimates of $532.74 million. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. ServiceNow’s revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. equities research analysts anticipate that ServiceNow Inc will post 0.1 earnings per share for the current year.

In other ServiceNow news, insider Michael Scarpelli sold 95,035 shares of ServiceNow stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $126.52, for a total transaction of $12,023,828.20. Following the completion of the sale, the insider now directly owns 194,664 shares of the company’s stock, valued at approximately $24,628,889.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic B. Luddy sold 48,790 shares of ServiceNow stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $124.37, for a total value of $6,068,012.30. Following the sale, the director now directly owns 400 shares of the company’s stock, valued at $49,748. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 565,461 shares of company stock valued at $74,772,175. 3.30% of the stock is currently owned by corporate insiders.

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

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