JMP Securities maintains Buy rating on ServiceNow By Investing.com

Patrick Walravens, an analyst at JMP Securities, maintained ServiceNow’s (NYSE:) buy rating on Monday and set a target price of US$705, which is approximately 14.16% higher than the current share price of US$617.58.

Walravens expects ServiceNow’s earnings per share (EPS) for the fourth quarter of 2021 to be $0.30.

The current consensus of 21 TipRanks analysts is to give a strong buy rating to ServiceNow’s stock, with an average target price of US$686.45.
Analysts’ price targets range from a high of $796 to a low of $580.

In the latest earnings report released on June 30, 2021, the company reported quarterly revenue of US$1.41 billion and net profit of US$51 million. The company’s market value is $122.34 billion.

According to TipRanks.com data, Patrick Walravens, an analyst at JMP Securities, is currently ranked 5 stars in the 0-5 star ranking range, with an average return of 29.2% And a success rate of 70.32%.

ServiceNow, Inc. was founded in 2004 and is headquartered in California. It is a software company that provides enterprise cloud computing solutions to help companies manage the digital workflow of enterprise operations. The company provides solutions in various fields, including healthcare, education, oil and gas, telecommunications, government, consumer products, technology, IT and financial services.

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