Needham insists on its buying rating for ServiceNow Investing.com

Needham analyst Jack Andrews (Jack Andrews) on Thursday reiterated his “buy” rating on ServiceNow (NYSE:), setting the target stock price at $538, which is about 11.15% higher than the current stock price of $484.05.

Andrews expects ServiceNow’s earnings per share (EPS) for the fourth quarter of 2020 to be $0.21.

The current consensus of 21 TipRanks analysts is to give a “Strong Buy” rating to ServiceNow’s stock, with an average target price of $546.72.
Analysts’ target prices range from a maximum of US$640 to a minimum of US$430.

In the latest earnings report released on June 30, 2020, the company reported quarterly revenue of US$1.07 billion and net profit of US$62.27 million. The company’s market value is 98.59 billion U.S. dollars.

According to TipRanks.com, Needham analyst Jack Andrews is currently ranked from 5 stars to 5 stars, with an average return of 26.0% The success rate was 67.67%.

ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. It provides customer and facility service management, business process core, service mapping, cloud and product portfolio management, edge encryption, performance analysis, service portal designer, visual task board and configuration management database. The company provides solutions for industries in the healthcare, education, government and financial services categories. The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, California.

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