Analyst Scoreboard: 17 Ratings For ServiceNow
Portfolio Pulse from Benzinga Insights
ServiceNow (NYSE:NOW) has received 17 analyst ratings in the last three months, ranging from bullish to bearish. The average 12-month price target is $881.53, with a high of $1000.00 and a low of $820.00, marking a slight decrease from the previous average of $888.33. Analysts have adjusted their ratings and price targets, reflecting their current views on the company's performance and market conditions. ServiceNow's financials show a positive revenue trend with a growth rate of 6.81% as of March 31, 2024, but its market capitalization is below the industry average. The company has a strong net margin of 13.33% and an ROA of 1.99%, but its ROE of 4.41% is below industry standards. Its debt-to-equity ratio of 0.28 indicates a healthy balance between debt and equity.
May 07, 2024 | 9:01 pm
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ServiceNow has received mixed analyst ratings with a slight decrease in the average price target to $881.53. The company's financials indicate strong profitability and asset utilization but face challenges in market capitalization and ROE.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on ServiceNow's stock price. The company's strong net margin and ROA are positive indicators, but the below-average market capitalization and ROE could temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100