In the preceding three months, 37 analysts have released ratings for ServiceNow NOW, presenting a wide array of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 21 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 3 | 1 | 0 | 0 |
| 2M Ago | 6 | 11 | 2 | 0 | 0 |
| 3M Ago | 3 | 7 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $1054.78, along with a high estimate of $1300.00 and a low estimate of $900.00. This upward trend is evident, with the current average reflecting a 11.89% increase from the previous average price target of $942.68.
Decoding Analyst Ratings: A Detailed Look
A clear picture of ServiceNow's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| David Hynes | Canaccord Genuity | Raises | Buy | $1200.00 | $1000.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $1210.00 | $1070.00 |
| Joel Fishbein | Truist Securities | Raises | Hold | $1100.00 | $900.00 |
| Derrick Wood | TD Cowen | Raises | Buy | $1300.00 | $1025.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $1250.00 | $1150.00 |
| Brian Schwartz | Oppenheimer | Raises | Outperform | $1150.00 | $1020.00 |
| Samad Samana | Jefferies | Raises | Buy | $1250.00 | $1100.00 |
| Mike Cikos | Needham | Raises | Buy | $1150.00 | $1075.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $1070.00 | $980.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $1150.00 | $1050.00 |
| Tyler Radke | Citigroup | Raises | Buy | $1071.00 | $1068.00 |
| Peter Weed | Bernstein | Raises | Outperform | $913.00 | $906.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $1045.00 | $985.00 |
| Derrick Wood | TD Cowen | Raises | Buy | $1025.00 | $1000.00 |
| Brad Reback | Stifel | Raises | Buy | $990.00 | $900.00 |
| Jason Ader | Keybanc | Raises | Overweight | $1040.00 | $1020.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $1000.00 | $950.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $1050.00 | $1025.00 |
| Rob Owens | Piper Sandler | Raises | Overweight | $1000.00 | $850.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $1000.00 | $980.00 |
| Mark Murphy | JP Morgan | Raises | Overweight | $950.00 | $820.00 |
| Rob Oliver | Baird | Raises | Outperform | $975.00 | $900.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $1000.00 | $850.00 |
| Mike Cikos | Needham | Raises | Buy | $1075.00 | $900.00 |
| Joel Fishbein | Truist Securities | Raises | Hold | $900.00 | $780.00 |
| Keith Weiss | Morgan Stanley | Raises | Equal-Weight | $960.00 | $900.00 |
| Derrick Wood | TD Cowen | Raises | Buy | $1000.00 | $900.00 |
| Tyler Radke | Citigroup | Raises | Buy | $1068.00 | $915.00 |
| Brian Schwartz | Oppenheimer | Raises | Outperform | $1020.00 | $825.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $980.00 | $850.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $1000.00 | $850.00 |
| Samad Samana | Jefferies | Raises | Buy | $1100.00 | $900.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $980.00 | $890.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $1025.00 | $860.00 |
| Kirk Materne | Evercore ISI Group | Raises | Outperform | $950.00 | $850.00 |
| Karl Keirstead | UBS | Raises | Buy | $1055.00 | $900.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $1025.00 | $935.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ServiceNow. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of ServiceNow compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of ServiceNow's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of ServiceNow's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on ServiceNow analyst ratings.
Unveiling the Story Behind ServiceNow
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: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: ServiceNow's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 22.25%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: ServiceNow's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.45%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): ServiceNow's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): ServiceNow's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.36%, 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 0.24.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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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