Servicenow: Will this be the next hot spot?

Servicenow: Industry P/E Ratio Comparison

The price-earnings ratio (price-earnings ratio) is currently 133.23, 11%, which is lower than the industry average (industry software) 149.91. Therefore, from today’s perspective, the share is underestimated. This is why Servicenow has a “buy” rating at this level.

Can Servicenow follow the market?

In the past 12 months, Servicenow’s performance reached 85.06%. Similar stocks from the “software” industry have risen by an average of 22.93%, which means that the industry has outperformed Servicenow by +62.14%. Last year, the median rate of return in the “information technology” field was 15.33%. Servicenow is 69.73% higher than this average. It performed well in both of these areas, so it was rated “buy” in this category.

Should investors sell now? Is it worth joining ServiceNow?

Investors see many negative factors

Through our analysis, we can accurately and early identify the positive or negative spikes in Internet communications. However, Servicenow’s mood has deteriorated significantly in the past few weeks. We give the stock a “sell” rating. The intensity of the discussion measures the attention of market participants to social media. For Servicenow, our plan has not assessed any unusual activity in the past four weeks. Servicenow received a “hold” rating for this. Therefore, overall, the share is rated as “sold” at this level.

How does the analyst evaluate the situation?

Currently, analysts have rated Servicenow’s stock as “buy.” This rating is composed of 21 “buy”, 5 “hold” and 0 “sell” ratings submitted in the last twelve months. Just look at the past month to find out. Recently there are 4 buys, 0 holds and 0 sell recommendations. Therefore, from an institutional point of view, the stock is considered a “buy” title in the short term. According to the analyst’s average price forecast ($435.67), the downside potential of the security is -11.66% (based on the recent closing price of $493.15), which is equivalent to a “sell” recommendation. All in all, Servicenow received a “hold” rating in this part of the analysis.

Buy, hold or sell ServiceNow?

How will ServiceNow develop now? Are your funds in this stock safe? The answers to these questions and why you need to take immediate action can be found in the latest analysis shared by ServiceNow.

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