In the latest quarter, 17 analysts provided ratings for ServiceNow NOW, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 9 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 7 | 0 | 0 | 0 |
| 3M Ago | 4 | 2 | 0 | 0 | 0 |
Analysts have recently evaluated ServiceNow and provided 12-month price targets. The average target is $886.82, accompanied by a high estimate of $1000.00 and a low estimate of $825.00. This current average has increased by 0.69% from the previous average price target of $880.77.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive ServiceNow. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mike Cikos | Needham | Maintains | Buy | $900.00 | $900.00 |
| Alex Zukin | Wolfe Research | Maintains | Outperform | $830.00 | $830.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $825.00 | $825.00 |
| Mike Cikos | Needham | Maintains | Buy | $900.00 | $900.00 |
| Rob Oliver | Baird | Raises | Outperform | $885.00 | $870.00 |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $830.00 | $814.00 |
| Jason Ader | Keybanc | Lowers | Overweight | $950.00 | $1000.00 |
| Keith Bachman | BMO Capital | Lowers | Outperform | $830.00 | $850.00 |
| Karl Keirstead | UBS | Lowers | Buy | $875.00 | $920.00 |
| Mike Cikos | Needham | Maintains | Buy | $900.00 | - |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $825.00 | - |
| Tyler Radke | Citigroup | Raises | Buy | $906.00 | $896.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $900.00 | $875.00 |
| Mike Cikos | Needham | Maintains | Buy | $900.00 | - |
| Karl Keirstead | UBS | Raises | Buy | $920.00 | $885.00 |
| Samad Samana | Jefferies | Raises | Buy | $900.00 | $885.00 |
| Jason Ader | Keybanc | Announces | Overweight | $1000.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ServiceNow. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ServiceNow compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of ServiceNow's stock. This analysis reveals shifts 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.
Financial Milestones: ServiceNow's Journey
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining ServiceNow's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 24.19% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: ServiceNow's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.33% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): ServiceNow's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 4.41%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): ServiceNow's ROA excels beyond industry benchmarks, reaching 1.99%. This signifies efficient management of assets and strong financial health.
Debt Management: ServiceNow's debt-to-equity ratio is below the industry average at 0.28, reflecting a lower dependency on debt financing and a more conservative financial approach.
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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