Behind the Scenes of ServiceNow's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for ServiceNow (NYSE:NOW) shows a bearish sentiment among large investors, with 47% of trades being bearish and only 27% bullish. The trades indicate a price window of $747.5 to $1000.0. Analysts maintain positive ratings with target prices ranging from $850 to $900.

July 31, 2024 | 7:16 pm
News sentiment analysis
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ServiceNow has seen a bearish sentiment in recent options trading, with 47% of trades being bearish. Despite this, analysts maintain positive ratings with target prices ranging from $850 to $900.
The bearish sentiment in options trading suggests that large investors are expecting a potential decline in ServiceNow's stock price. However, the positive analyst ratings and high target prices indicate a mixed outlook, with some confidence in the company's long-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100