ServiceNow – Consensus ‘buy’ rating and 8.6% Upside Potential

Broker Ratings
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ServiceNow which can be found using ticker (NOW) have now 35 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between 734 and 450 calculating the mean target price we have $639.23. Given that the stocks previous close was at $588.83 this would indicate that there is a potential upside of 8.6%. The 50 day moving average now sits at $565.53 and the 200 day moving average is $478.63. The total market capitalization for the company now stands at 120.54B. The stock price for Apple Inc. is 590.88 USD

The potential market cap would be $130,856,916,299 based on the market consensus.

The company has a dividend yield of 2.88%. Other points of data to note are a P/E ratio of 84.77, revenue per share of 39.49 and a 2.43% return on assets.

ServiceNow is a digital workflow company. The Company helps global enterprises across industries, universities and governments to digitize their workflows. Its technology platform, Now Platform, enables workflows to connect systems, silos, departments and processes with digital workflows. It categorizes workflow applications into four primary areas, such as technology, customer and industry, employee and creator. Its technology workflows give IT departments the ability to plan, build, operate, and service across the entire technology lifecycle. Its customer and industry workflows help organizations reimagine the customer experience and customer loyalty. Its employee workflows help customers simplify how their employees get the services they need, creating a familiar, to get work done from wherever an employee may be at home, in the workplace or in the field. Its creator workflows enable its customers to create, test, and deploy their own applications on the Now Platform.

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