What the Options Market Tells Us About ServiceNow
Portfolio Pulse from Benzinga Insights
The options market shows a bullish sentiment towards ServiceNow (NYSE:NOW), with 64% of traders favoring calls over puts. The price target is between $600 and $920, with significant trading activity in this range. Despite a recent 3.35% price drop, the consensus target price remains at $900. An analyst from Needham has lowered the rating to Buy with a $900 target.
September 25, 2024 | 1:46 pm
News sentiment analysis
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ServiceNow's options market shows a bullish sentiment with 64% of trades being calls. The price target is set between $600 and $920. Despite a recent price drop, the consensus target remains at $900, with Needham lowering its rating to Buy.
The options market shows a strong bullish sentiment with a majority of trades being calls, indicating investor confidence in ServiceNow's future performance. The price target range and analyst ratings suggest potential for price appreciation, despite the recent drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100