Analyst Scoreboard: 17 Ratings For ServiceNow

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Providing a diverse range of perspectives from bullish to bearish, 17 analysts have published ratings on ServiceNow NOW in the last three months.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 9 8 0 0 0
Last 30D 1 2 0 0 0
1M Ago 6 5 0 0 0
2M Ago 2 1 0 0 0
3M Ago 0 0 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for ServiceNow, presenting an average target of $881.53, a high estimate of $1000.00, and a low estimate of $820.00. This current average has decreased by 0.77% from the previous average price target of $888.33.

Breaking Down Analyst Ratings: A Detailed Examination

The standing of ServiceNow among financial experts is revealed through an in-depth exploration 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
Patrick Walravens JMP Securities Maintains Market Outperform $825.00 -
Rob Oliver Baird Raises Outperform $885.00 $870.00
Mike Cikos Needham Maintains Buy $900.00 -
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 -
Brad Reback Stifel Maintains Buy $820.00 -
Brad Reback Stifel Maintains Buy $820.00 -

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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ServiceNow compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for ServiceNow's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into ServiceNow's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on ServiceNow analyst ratings.

All You Need to Know About 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.

A Deep Dive into ServiceNow's Financials

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Positive Revenue Trend: Examining ServiceNow's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.81% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.33%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): ServiceNow's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.41%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.99%, the company showcases effective utilization of assets.

Debt Management: ServiceNow's debt-to-equity ratio is below the industry average. With a ratio of 0.28, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Analyst Ratings: What Are They?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and 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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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