A Closer Look at 22 Analyst Recommendations For ServiceNow
Portfolio Pulse from Benzinga Insights
22 analysts have recently reviewed ServiceNow (NYSE:NOW), offering a mix of bullish and bearish perspectives. The average 12-month price target for NOW has been raised to $855.27, marking a 12.48% increase from the previous target. Analysts have adjusted their ratings and price targets, reflecting optimism about the company's performance and market position. ServiceNow's financial overview shows a strong revenue growth rate of 25.62% and an exceptional net margin of 12.11%, despite a below-average return on equity (ROE) of 3.98%.
April 10, 2024 | 8:01 pm
News sentiment analysis
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POSITIVE IMPACT
ServiceNow has received updated analyst ratings and price targets, indicating a positive outlook from the financial community. The company's strong revenue growth and net margin are likely to support its stock price in the short term.
The increase in the average price target and positive analyst ratings reflect a bullish sentiment towards ServiceNow. The company's significant revenue growth and high net margin, compared to industry averages, suggest strong financial health and operational efficiency, which are key drivers for stock performance. The positive adjustments in analyst ratings and price targets, combined with the company's financial overview, indicate a favorable short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100