Check Out What Whales Are Doing With NOW
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 63% of recent trades being bearish. The targeted price range for ServiceNow over the last 3 months is $300.0 to $690.0. The current price of NOW is up 4.39% at $553.45. Citigroup, Piper Sandler, and BMO Capital maintain positive ratings on ServiceNow, while Needham and Stifel have downgraded their actions to Buy.
October 26, 2023 | 7:04 pm
News sentiment analysis
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NEGATIVE IMPACT
ServiceNow (NYSE:NOW) has seen a bearish stance from a significant investor, with a targeted price range of $300.0 to $690.0. The stock is currently up 4.39% at $553.45. Analyst ratings are mixed.
The bearish stance from a significant investor, along with the mixed analyst ratings, could potentially lead to a decrease in the stock price of ServiceNow in the short term. However, the current upward trend in the stock price indicates a positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100