ServiceNow Inc [NOW] stock is trading at $1015.28, up 2.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOW shares have gain 8.82% over the last week, with a monthly amount glided 8.16%, 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.
ServiceNow Inc [NOW] stock has fluctuated between $610.38 and $997.03 over the past year. Currently, Wall Street analysts expect the stock to reach $831.13 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $1015.28 at the most recent close of the market. An investor can expect a potential drop of -18.14% based on the average NOW price forecast.
Analyzing the NOW fundamentals
ServiceNow Inc [NYSE:NOW] reported sales of 10.46B for the trailing twelve months, which represents a growth of 22.25%. 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 0.17.
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 998.71 points at the first support level, and at 982.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,028.15, and for the 2nd resistance point, it is at 1,041.01.
Ratios To Look Out For
For context, ServiceNow Inc’s Current Ratio is 1.06. On the other hand, the Quick Ratio is 1.06, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 19.99, the price to book ratio is 22.55 and price to earnings (TTM) ratio is 157.94.
Transactions by insiders
Recent insider trading involved MILLER JEFFREY A, Director, that happened on Nov 07 ’24 when 2879.0 shares were purchased. Chief Financial Officer, Mastantuono Gina completed a deal on Nov 04 ’24 to sell 3667.0 shares. Meanwhile, Officer Mastantuono Gina bought 3667.0 shares on Nov 04 ’24.
