Stock Rating Downgrade
During the last several trading days the Value Trend Rating for ServiceNow Inc (NYSE: NOW) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
ServiceNow Inc (NYSE: NOW) stock closed at $799.06 on 7/29/24 after a decline of -3.4%. Moreover, above average trading volume at 124% of normal accompanied the decline. The stock has risen 6.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NOW’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ServiceNow has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. ServiceNow has a poor Appreciation Score of 18 but a slightly positive Power Rating of 66, and the Negative Value Trend Rating results.
Be the first to comment