At the time of writing, ServiceNow Inc [NOW] stock is trading at $953.08, up 0.86%. 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 3.83% over the last week, with a monthly amount glided 6.56%, 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 21, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also boosted its price target to $960 from $900. Previously, BMO Capital Markets reaffirmed its Outperform rating on October 10, 2024, and elevated its price target to $1025. On October 08, 2024, UBS reiterated its Buy rating and revised its price target to $1055 on the stock. Guggenheim downgraded its rating to a Sell but stick to its price target of $640 on July 08, 2024. BMO Capital Markets reiterated its recommendation of a Outperform and reduced its price target to $830 on April 25, 2024. Guggenheim downgraded its rating to Neutral for this stock on April 15, 2024. In a note dated March 21, 2024, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $1000 on this stock.
For the past year, the stock price of ServiceNow Inc fluctuated between $558.09 and $979.78. Currently, Wall Street analysts expect the stock to reach $831.13 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $953.08 at the most recent close of the market. An investor can expect a potential drop of -12.8% based on the average NOW price forecast.
Analyzing the NOW fundamentals
According to ServiceNow Inc [NYSE:NOW], the company’s sales were 10.46B for trailing twelve months, which represents an 22.25% jump. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.
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 942.40 points at the first support level, and at 931.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 960.79, and for the 2nd resistance point, it is at 968.50.
Ratios To Look Out For
It is important to note that ServiceNow Inc [NYSE:NOW] has a current ratio of 1.06. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 18.76, the price to book ratio is 21.17 and price to earnings (TTM) ratio is 148.27.
Transactions by insiders
Recent insider trading involved Canney Jacqueline P, Chief People Officer, that happened on Oct 16 ’24 when 353.0 shares were sold. Officer, Canney Jacqueline P completed a deal on Oct 16 ’24 to buy 353.0 shares. Meanwhile, Officer Bedi Christopher bought 1000.0 shares on Sep 19 ’24.
