ServiceNow Inc (NYSE: NOW) stock enjoyed a major increase of 13.4% on 7/25/24. The shares closed at $828.79. Moreover, trading volume in this advance was exceptionally high at 427% of normal. The stock has been strong relative to the market over the last nine months and has risen 12.6% during the last week.
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 C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ServiceNow has a poor Appreciation Score of 20 but a slightly positive Power Rating of 67, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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