Analysts following ServiceNow Inc (NOW) on average expect it to add 22.98% over the next twelve months. Both analysts give the stock an average Strong Buy rating. That average rating gets the stock an Analyst Ranking of 71, which means it ranks higher than 71 of the stocks, based on data compiled by InvestorsObserver.
Why Are Analyst Ratings Important?
Analysts know more about the internal workings of the companies they follow than anyone other than the management of the companies. You can learn a lot about a company from studying financial statements, but analysts ask questions in conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. It allows traders to make decisions data a quarterly report that may have been worse than expected.
InvestorsObserver aggregates the ratings of all analysts covering a particular stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is much better than just the three levels provided by traditional buy/hold/sell ratings.
What’s Happening To ServiceNow Inc Stock Now?
ServiceNow Inc (NOW) stock traded at $ 576.36 from 1:29 PM on Monday, Feb. 28, a decrease of -$ 3.87, or -0.67% from the previous closing price of $ 580.23. The stock is trading between $ 573.50 and $ 585.54 so far. The volume is now below average. So far, 569,442 shares have traded compared to the average volume of 2,146,321 shares. Click Here to get the full Stock Report for ServiceNow Inc. stock.
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