Despite a strong rebound since their February lows, shares of ServiceNow Inc NOW are down about 19.1 percent year-to-date. But, the Vetr community seems bullish, and believes the recuperation will continue, as evidenced by its average price target of $90.24, which implies a potential return of more than 29 percent from current valuations.
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Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on ServiceNow’s stock on Monday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
Moreover, it should be noted that, in accordance with the new rating, 88 percent of the crowd's ratings are bullish at the time.
Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.
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