Detailed Review Of Prospects For ServiceNow Inc. Stock

As of right now, ServiceNow Inc. [NOW] is trading at $386.97, climbing down -3.60%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOW shares have lost -11.15% over the last week, with a monthly amount drifted -15.87%, and not seem to be holding up well over a long-time horizon.

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On 22, September 2022, ServiceNow Adds AI and Security Capabilities to the Now Platform Tokyo Release to Supercharge Operational Intelligence and Trust. In a post published today on Yahoo Finance, New features help increase business efficiency and resilience amid macroeconomic uncertainty and unprecedented cyber risk.

From an analyst’s perspective:

ServiceNow Inc. [NYSE: NOW] stock has seen the most recent analyst activity on September 22, 2022, when MoffettNathanson initiated its Hold rating and assigned the stock a price target of $553. Previously, Guggenheim started tracking the stock with Neutral rating on August 12, 2022, and set its price target to $510. On July 20, 2022, Bernstein initiated with a Outperform rating and assigned a price target of $646 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $600 on May 18, 2022. Exane BNP Paribas downgraded its rating to a Underperform but $460 remained the price target by the analyst firm on March 29, 2022. Piper Sandler upgraded its rating to Overweight for this stock on January 27, 2022, but kept the price target unchanged to $650. In a note dated January 27, 2022, Oppenheimer reiterated an Outperform rating on this stock and revised its target price from $775 to $660.

Through the last year, ServiceNow Inc.’s stock price ranged from $401.39 to $707.60. Currently, Wall Street analysts expect the stock to reach $553.80 within the next 12 months. ServiceNow Inc. [NYSE: NOW] shares were valued at $386.97 at the most recent close of the market. An investor can expect a potential return of 43.11% based on the average price forecast.

Analyzing the NOW fundamentals

For Apple Inc, (NOW), the latest quarter sales were 1.75 billion, which represents an 24.30% increase. Gross Margin for this corporation currently stands at +77.05% with Operating Margin at +4.36%, Pretax Margin comes in at +4.22%, and Net Margin reading is +3.90%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 380.96 points at the first support level, and at 374.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 398.72, and for the 2nd resistance point, it is at 410.47.

ServiceNow Inc. [NOW] reported earnings per share of $1.62 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.54/share, meaning a difference of $0.08 and a surprise factor of 5.20%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.73 per share as compared to estimates of $1.7 per share, a difference of $0.03 representing a surprise of 1.80%.

Ratios To Look Out For

It is important to note that ServiceNow Inc. [NYSE:NOW] has a current ratio of 1.10. In addition, the Quick Ratio stands at 0.99 and the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 22.37, the price to book ratio is 35.07 and the P/E (TTM) ratio is 427.12.

Transactions by insiders

In the past 3 months, 52 insiders have purchased 51,118 shares, and 98 have sold 52,297 shares. Recent insider trading involved ELMER RUSSELL S, General Counsel, that happened on Sep 19 when 2666.0 shares were sold. Director, LUDDY FREDERIC B completed a deal on Sep 01 to sell 6600.0 shares. Meanwhile, Chief Financial Officer Mastantuono Gina sold 4262.0 shares on Aug 29.