The Latest Analyst Ratings for ServiceNow
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has received predominantly bullish ratings from analysts in the last quarter, with 8 bullish and 18 somewhat bullish ratings out of a total of 27. The average 12-month price target for the company has increased by 4.76% from the previous average, now standing at $558.67.
July 19, 2023 | 7:00 pm
News sentiment analysis
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POSITIVE IMPACT
ServiceNow has received a majority of bullish ratings from analysts, indicating a positive outlook for the company. The increased average price target suggests potential growth in the company's stock price.
Analyst ratings are a significant indicator of a company's potential performance. The majority of bullish ratings for ServiceNow indicate a positive sentiment towards the company's stock. Additionally, the increase in the average price target suggests analysts expect the stock price to rise, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100