What the Options Market Tells Us About ServiceNow
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on ServiceNow (NYSE:NOW), as observed through options trading data. Benzinga's options scanner identified 8 trades, with a mix of bullish and bearish sentiments. The predicted price range for ServiceNow is between $700 and $830 over the next three months. Analysts have mixed ratings, with target prices ranging from $780 to $900.
August 08, 2024 | 3:17 pm
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Significant investors have taken a bearish stance on ServiceNow (NYSE:NOW) through options trading, with a predicted price range of $700 to $830 over the next three months. Analysts have mixed ratings, with target prices ranging from $780 to $900.
The options trading data shows a significant bearish sentiment among big-money investors, which could indicate a potential decline in ServiceNow's stock price. The mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100