What 12 Analyst Ratings Have to Say About Service Now – Asia Now Resources (Now)

Analysts provided the following ratings for ServiceNow (NYSE: NOW) over the past quarter:

These 12 analysts have an average price target of $693.17 with Service Now current price of 622.42, which is the upside.

Below is a summary of how these 12 analysts rated ServiceNow over the past 3 months. The higher the number of bullish ratings, the more positive analysts are on the stock and the higher the number of bearish ratings, move negative analysts will be on the stock.

This average price target is up 9.6% over the past month.

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically reach their conclusions by forecasting how much money a company will make in the future, typically the coming five years, and how risky or predictable the company’s revenue streams are.

Analysts participate in company conference calls and meetings, research a company’s financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter, or whenever the company has a major update.

Some analysts also provide predictions for helpful metrics such as earnings, revenue and growth projections to provide further guidance on what to do with certain tickers. It is important to note that while stock and sector analysts are experts, they are also human beings and can only gauge their beliefs for traders.