ServiceNow shares: How big is the potential?

technical analysis

From the perspective of technical evaluation, the current price of ServiceNow is US$338.23, which is 23.65% higher than GD200 (US$273.54), which is a “buy” signal. On the contrary, GD50 quantifies the average price change over 50 days and the price is $292.12. For stock prices, this means that there is a “buy” signal because the gap is + 15.78%. The bottom line is that if the 50-day and 200-day averages are used as a benchmark, the ServiceNow stock price is rated as a “buy.”

Investors

In addition to hard factors such as balance sheet data, soft factors such as sentiment can also be used to evaluate stock prices. Our analysts checked ServiceNow on social platforms and concluded that these comments and findings were mostly positive. However, in the past two days, social media users around ServiceNow have mainly solved negative problems. This means that the analyzed stock is given a “hold” rating. In addition, this analysis is enriched by viewing trading signals. Three specially calculated signals (3 “buy” and 0 “sell”) are provided to obtain a “buy” rating at the level of trading signals. The editorial team concluded that ServiceNow must be classified as a “purchase” in terms of sentiment.

Should investors sell now? Is it worth joining ServiceNow?

Analyst evaluation

Analysts currently rate ServiceNow stock as a “buy.” This rating includes 24 “buy”, 3 “hold” and 0 “sell” ratings submitted in the last twelve months. From last month’s research, in the short term, this share is considered a “buy.” During this period, 15 analysts rated the stock as buying, 3 as holding and 0 as selling. According to the analyst’s average price forecast (US$346.6), the security has an upside potential of 2.47% (based on the recent closing price of US$338.23), which corresponds to a “hold” recommendation. All in all, ServiceNow received a “buy” rating in this part of the analysis.

Industry comparison stock prices

Last year, the share’s return rate was 70.16%. Compared with stocks in the same sector (“Information Technology”), ServiceNow is 54.94% higher than the average (15.22%). The average annual yield of securities in the “software” industry in the same industry is 23.6%. ServiceNow is currently 46.56% higher than this value. Due to poor performance, we use the “buy” price to evaluate the share.

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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