ServiceNow – Analysts’ Recommendations and Stock Price Forecast (2024)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst’s rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock’s consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat’s consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat’s consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
Consensus Rating
Based on 27 Wall Street analysts who have issued ratings for ServiceNow in the last 12 months, the stock has a consensus rating of “Moderate Buy.” Out of the 27 analysts, 1 has given a sell rating, 1 has given a hold rating, and 25 have given a buy rating for NOW.
Consensus Price Target
According to the 27 analysts’ twelve-month price targets for ServiceNow, the average price target is $875.81. The highest price target for NOW is $1,055.00, while the lowest price target for NOW is $640.00. The average price target represents a forecasted downside of -7.31% from the current price of $944.87.
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NOW Analyst Ratings Over Time
NOW Analyst Recommendations By Month
The chart below shows how a company’s ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
NOW Price Targets by Month
The chart below shows how a company’s share price and consensus price target have changed over time. The dark blue line represents the company’s actual price. The lighter blue line represents the stock’s consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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ServiceNow Stock vs. The Competition
Recent Analyst Forecasts and Stock Ratings
Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:17 AM ET.
Should I Buy ServiceNow Stock? NOW Pros and Cons Explained
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 7, 2024. Please send any questions or comments about these ServiceNow pros and cons to contact@marketbeat.com.
ServiceNow
Bull Case
Here are some ways that investors could benefit from investing in ServiceNow, Inc.:
- ServiceNow, Inc. reported strong quarterly earnings results, surpassing analyst estimates, indicating a healthy financial performance.
- Positive Wall Street analyst ratings with a consensus target price of $855.44, suggesting potential growth and confidence in the company’s future.
- Recent insider selling activity, while significant, could indicate that insiders believe the stock is currently overvalued, potentially leading to a correction in the stock price.
- ServiceNow, Inc. has a market capitalization of $183.35 billion, reflecting its position as a large and established player in the industry.
- ServiceNow stock has shown an upward trend, trading at $894.40 on the latest trading day, potentially signaling positive investor sentiment and market performance.
ServiceNow
Bear Case
Investors should be bearish about investing in ServiceNow, Inc. for these reasons:
- Recent insider selling activity totaling 6,914 shares worth $5,608,936 may raise concerns about insider sentiment and potential future stock performance.
- ServiceNow, Inc. has a high PE ratio of 95.66, indicating that the stock may be overvalued compared to its earnings, potentially leading to a price correction.
- ServiceNow’s stock price has been volatile, with a 50-day moving average of $840.35, suggesting potential price fluctuations and uncertainty in the market.
- The company’s price-to-earnings-growth ratio of 5.55 may indicate that the stock is relatively expensive compared to its growth prospects, potentially limiting future returns for investors.
- ServiceNow, Inc. has a beta of 0.98, indicating that the stock’s price movements are closely linked to the overall market, potentially exposing investors to market risks and volatility.
NOW Forecast – Frequently Asked Questions
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According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for ServiceNow is $875.81, with a high forecast of $1,055.00 and a low forecast of $640.00.
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27 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for ServiceNow in the last twelve months. There is currently 1 sell rating, 1 hold rating and 25 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “moderate buy” NOW shares.
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According to analysts, ServiceNow’s stock has a predicted downside of -7.31% based on their 12-month stock forecasts.
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ServiceNow has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, JMP Securities, JPMorgan Chase & Co., Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
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Analysts like ServiceNow more than other “computer and technology” companies. The consensus rating score for ServiceNow is 2.89 while the average consensus rating score for “computer and technology” companies is 2.66. Learn more on how NOW compares to other companies.
This page (NYSE:NOW) was last updated on 10/10/2024 by
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