ServiceNow Is Strong Buy Now, Vetr Crowd Says

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.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

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.