At the time of writing, ServiceNow Inc [NOW] stock is trading at $922.00, up 1.77%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NOW shares have gain 6.32% over the last week, with a monthly amount glided 7.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ServiceNow Inc [NYSE: NOW] stock has seen the most recent analyst activity on October 08, 2024, when UBS reiterated its Buy rating and also boosted its price target to $1055 from $900. Previously, Guggenheim downgraded its rating to Sell on July 08, 2024, and kept the price target unchanged to $640. On April 25, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $830 on the stock. Guggenheim downgraded its rating to a Neutral. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $1000 as its price target on March 21, 2024. Needham reiterated a Buy rating for this stock on January 22, 2024, and upped its price target to $900. In a note dated September 15, 2023, HSBC Securities initiated an Buy rating and provided a target price of $704 on this stock.
For the past year, the stock price of ServiceNow Inc fluctuated between $527.24 and $945.46. Currently, Wall Street analysts expect the stock to reach $730.63 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $922.00 at the most recent close of the market. An investor can expect a potential drop of -20.76% based on the average NOW price forecast.
Analyzing the NOW fundamentals
According to ServiceNow Inc [NYSE:NOW], the company’s sales were 9.96B for trailing twelve months, which represents an 22.19% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.18.
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 913.18 points at the first support level, and at 904.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 936.91, and for the 2nd resistance point, it is at 951.82.
Ratios To Look Out For
It is important to note that ServiceNow Inc [NYSE:NOW] has a current ratio of 1.05. Also, the Quick Ratio is 1.05, while the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 19.08, the price to book ratio is 21.90 and price to earnings (TTM) ratio is 166.73.
Transactions by insiders
Recent insider trading involved Bedi Christopher, Officer, that happened on Sep 19 ’24 when 1000.0 shares were purchased. Former Officer, Desai Chirantan Jitendra completed a deal on Sep 16 ’24 to buy 10000.0 shares. Meanwhile, Officer Bedi Christopher bought 1343.0 shares on Aug 30 ’24.
