22 analysts have shared their evaluations of ServiceNow NOW during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 9 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 8 | 8 | 2 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for ServiceNow, presenting an average target of $855.27, a high estimate of $1000.00, and a low estimate of $700.00. This current average has increased by 12.48% from the previous average price target of $760.39.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive ServiceNow is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Samad Samana | Jefferies | Raises | Buy | $900.00 | $885.00 |
| Jason Ader | Keybanc | Announces | Overweight | $1000.00 | - |
| Brad Reback | Stifel | Maintains | Buy | $820.00 | - |
| Brad Reback | Stifel | Maintains | Buy | $820.00 | - |
| Tyler Radke | Citigroup | Raises | Buy | $896.00 | $862.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $910.00 | $800.00 |
| Karl Keirstead | UBS | Raises | Buy | $885.00 | $865.00 |
| Rob Oliver | Baird | Raises | Outperform | $870.00 | $780.00 |
| Gregg Moskowitz | Mizuho | Raises | Buy | $820.00 | $750.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $850.00 | $840.00 |
| Ki Bin Kim | Truist Securities | Raises | Hold | $750.00 | $700.00 |
| Brad Reback | Stifel | Raises | Buy | $820.00 | $740.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $850.00 | $630.00 |
| Kash Rangan | Goldman Sachs | Raises | Buy | $910.00 | $800.00 |
| Rob Owens | Piper Sandler | Raises | Overweight | $830.00 | $750.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $890.00 | $870.00 |
| Mike Cikos | Needham | Maintains | Buy | $900.00 | - |
| Raimo Lenschow | Barclays | Raises | Overweight | $870.00 | $765.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $825.00 | $665.00 |
| Mike Cikos | Needham | Raises | Buy | $900.00 | $660.00 |
| Brian Schwartz | Oppenheimer | Raises | Outperform | $800.00 | $750.00 |
| Ki Bin Kim | Truist Securities | Raises | Hold | $700.00 | $575.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ServiceNow. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ServiceNow compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of ServiceNow's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ServiceNow's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on ServiceNow analyst ratings.
Discovering ServiceNow: A Closer Look
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
ServiceNow: A Financial Overview
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: ServiceNow's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 25.62%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: ServiceNow's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.11%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): ServiceNow's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.98%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): ServiceNow's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.82%, the company showcases efficient use of assets and strong financial health.
Debt Management: ServiceNow's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.3.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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