ServiceNow (NYSE: NOW) has recently received a number of price target changes and ratings updates:

  • 8/2/2017 – ServiceNow was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/28/2017 – ServiceNow had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 7/27/2017 – ServiceNow had its price target raised by analysts at BMO Capital Markets from $110.00 to $127.00. They now have an “outperform” rating on the stock.
  • 7/27/2017 – ServiceNow had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $130.00 price target on the stock, up previously from $110.00.
  • 7/27/2017 – ServiceNow had its “outperform” rating reaffirmed by analysts at JMP Securities.
  • 7/27/2017 – ServiceNow had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $120.00 price target on the stock, up previously from $108.00.
  • 7/27/2017 – ServiceNow had its price target raised by analysts at Barclays PLC from $120.00 to $126.00. They now have an “overweight” rating on the stock.
  • 7/27/2017 – ServiceNow had its price target raised by analysts at Raymond James Financial, Inc. from $110.00 to $126.00. They now have a “strong-buy” rating on the stock.
  • 7/27/2017 – ServiceNow had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $123.00 price target on the stock, up previously from $110.00.
  • 7/27/2017 – ServiceNow had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $110.00 price target on the stock, up previously from $93.00.
  • 7/26/2017 – ServiceNow was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating.
  • 7/25/2017 – ServiceNow was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/24/2017 – ServiceNow had its price target raised by analysts at Royal Bank Of Canada from $110.00 to $126.00. They now have a “top pick” rating on the stock.
  • 7/22/2017 – ServiceNow had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $135.00 price target on the stock, up previously from $109.00.
  • 7/20/2017 – ServiceNow had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $134.00 price target on the stock, up previously from $124.00.
  • 7/14/2017 – ServiceNow was downgraded by analysts at OTR Global to a “positive” rating.
  • 7/11/2017 – ServiceNow was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ServiceNow is rapidly penetrating the non-ITSM markets like customer service, human resource and security. The company is benefiting from growing adoption of its platform and tools in the Global 2000 (G2K) companies, as defined by Forbes. We believe that the company’s expanding product portfolio, increasing multi-product customer base and strong renewal rate will help the company easily achieve its long-term revenue growth target of $4 billion. ServiceNow has outperformed the Zacks categorised IT services industry on a year-to-date basis. Estimates have been stable lately ahead of the company's Q2 earnings release. The company has a negative record of earnings surprises in recent quarters. However, stiff competition in the non-ITSM market and modest growth at professional business service segment are major concerns. Moreover, the company is yet to report profit, which doesn’t augur well for investor confidence.”
  • 6/28/2017 – ServiceNow had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $141.00 price target on the stock.
  • 6/27/2017 – ServiceNow was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ServiceNow is rapidly penetrating the non-ITSM markets like customer service, human resource and security. The company is benefiting from growing adoption of its platform and tools in the Global 2000 (G2K) companies, as defined by Forbes. Its non-G2K customer base is also growing fast. We believe that the company’s expanding product portfolio, increasing multi-product customer base and strong renewal rate will help the company easily achieve its long-term revenue growth target of $4 billion. ServiceNow has outperformed the Zacks categorised IT services industry on a year-to-date basis. However, stiff competition in the non-ITSM market and modest growth at professional business service segment are major concerns. Moreover, the company is yet to report profit, which doesn’t augur well for investor confidence.”
  • 6/27/2017 – ServiceNow was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/23/2017 – ServiceNow is now covered by analysts at J P Morgan Chase & Co. They set an “overweight” rating and a $125.00 price target on the stock.
  • 6/21/2017 – ServiceNow was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating.
  • 6/14/2017 – ServiceNow was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

ServiceNow, Inc. (NYSE:NOW) opened at 104.42 on Friday. ServiceNow, Inc. has a one year low of $71.25 and a one year high of $115.85. The company’s market capitalization is $17.80 billion. The company has a 50-day moving average price of $108.32 and a 200-day moving average price of $96.87.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. ServiceNow had a negative net margin of 10.17% and a negative return on equity of 29.05%. The company had revenue of $471.70 million during the quarter, compared to analysts’ expectations of $462.11 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. ServiceNow’s quarterly revenue was up 38.2% compared to the same quarter last year. Equities research analysts anticipate that ServiceNow, Inc. will post $1.17 EPS for the current year.

In other news, Director Frederic B. Luddy sold 167,000 shares of ServiceNow stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $108.34, for a total value of $18,092,780.00. Following the completion of the transaction, the director now owns 11,190 shares in the company, valued at $1,212,324.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic B. Luddy sold 102,000 shares of ServiceNow stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $110.09, for a total transaction of $11,229,180.00. Following the completion of the transaction, the director now owns 11,190 shares of the company’s stock, valued at approximately $1,231,907.10. The disclosure for this sale can be found here. Insiders sold 763,177 shares of company stock valued at $82,424,382 in the last quarter. 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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