ServiceNow (NYSE:NOW) Target Raised by Goldman Sachs Group Inc to $538.00

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ServiceNow stock has undergone multiple analysts rating changes in the recent past.  ServiceNow stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $538.00. The analysts previously had $403.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 34.51% from the stock’s previous close.

Shares of ServiceNow traded down -$5.60 on Monday, reaching $394.37. 1139886 shares of the stock traded hands, compared to its average volume of 1793360. Shares of were trading at $394.37 on Monday. The firm’s 50 day moving average is $369.96 and its 200 day moving average is 306.03.ServiceNow  has a 12 month low of $385.50 and a 12 month high of $409.80. While on yearly highs and lows, ServiceNow today has traded high as $402.99 and has touched $385.50 on the downward trend.

ServiceNow Earnings and What to expect: 

ServiceNow last posted its quarterly earnings data on April 29th, 2020. The information technology services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. The business earned $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Its revenue was up 32.6% on a year-over-year basis. ServiceNow has generated $0.65 earnings per share over the last year and currently has a price-to-earnings ratio of 114.6. ServiceNow has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 22nd, 2020 based off prior year’s report dates.

Earnings for ServiceNow are expected to grow by 42.57% in the coming year, from $1.01 to $1.44 per share. The P/E ratio of ServiceNow is 114.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.08. The P/E ratio of ServiceNow is 114.63, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.51. ServiceNow has a PEG Ratio of 14.08. PEG Ratios above 1 indicate that a company could be overvalued. ServiceNow has a P/B Ratio of 34.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.72%
  • On 6/18/2020 Director Frederic B Luddy Sell 28,600 at average share price of $399.99 which equates to $11,439,714.00 in money value.
  • On 6/15/2020 Director Teresa Briggs Sell 546 at average price of  $378.20 with total value of : Not Data Available
  • On 6/12/2020 Insider Chirantan Jitendra Desai Sell 1,563 at average price of  $387.62 with total value of : $605,850.06
  • See More Analyst Rating at: RATING

Other Analyst’s rating for ServiceNow

  • 6/24/2020 – ServiceNow had its price target raised by analysts at SunTrust Banks, Inc. from $385.00 to $450.00. They now have a “buy” rating on the stock. ()
  • 6/23/2020 – ServiceNow had its price target raised by analysts at Jefferies Financial Group Inc from $375.00 to $465.00. They now have a “buy” rating on the stock. ()
  • 6/22/2020 – ServiceNow is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $440.00 price target on the stock. ()
  • 6/11/2020 – ServiceNow was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating. ()
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Bill.com is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $34.00 price target on the stock. ()
  • 6/29/2020 – Zuora had its price target raised by analysts at Goldman Sachs Group Inc from $10.00 to $11.00. ()
  • 6/29/2020 – Zendesk had its price target raised by analysts at Goldman Sachs Group Inc from $96.00 to $113.00. ()
  • 6/29/2020 – Workiva had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $52.00. ()
  • See More Analyst Rating at: RATING

ServiceNow (NYSE:NOW) Moving Average Technical Analysis

5 day Moving Average is $397.76 And 5 day price change is -9.52 (-2.36%)  with average volume for 5 day average is 1,376,801. While technical analysis for average 20 days shows significant difference, 20 day moving average is  393.49 and 20 day price change is 9.93 (0.0259) and average 20 day moving volume is 1,724,050. 50 day moving average is 369.96  and 50 day price change is 93.71 ( 0.3128)  and with average volume for 50 days is : 2,020,976. 200 day moving average is 306.03  and 200 day price change is 136.49 (0.5315)  and with average volume for 200 days is : 2,457,912.

See More Analyst Rating at: RATING