Recent notable positive changes in investment behavior have benefitted ServiceNow Inc (NYSE: NOW): positive upside/downside volume developed.
ServiceNow Inc (NYSE: NOW) has benefited from significant positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NOW’s future returns on capital are forecasted to be above 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ServiceNow has a poor Appreciation Score of 19 but a very high Power Rating of 95, and the Neutral Value Trend Rating results.
Recent Price Action
ServiceNow Inc (NYSE: NOW) stock closed at $690.79 on 12/1/23 after a modest gain of 0.7%. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.2% during the last week.
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