ServiceNow: Great!

Buy signals dominate among analysts

In the past twelve months, analysts in the research department have assigned the following ratings to ServiceNow’s stock: 23 buy, 4 hold, and 0 sell. From this we derive the long-term classification of “buy”. From last month’s research, in the short term, this share is considered a “buy.” During this period, 11 analysts rated the stock as buying, 2 as holding and 0 as selling. The average target price for ServiceNow stock is again $359.63. Since the recent closing price was $370.64, the price is expected to increase by -2.97%. This is related to the “hold” rating. Therefore, from the analyst’s assessment of ServiceNow’s share, the overall assessment result is “buy.”

RSI sends a purchase signal to ServiceNow

The Relative Strength Index (also known as the Relative Strength Index, or RSI for short) is used in technical analysis to assess whether a security is overbought or oversold. Therefore, overbought stocks are more likely to suffer price setbacks in the short term, while oversold stocks are more likely to see price increases. For this point of analysis, we use 7-day and 25-day RSI for ServiceNow. First, the current RSI7 of 22.13 points indicates that ServiceNow is oversold. This provides the security with a 7-day RSI “buy” rating. In contrast, the 25-day RSI is less volatile. ServiceNow is oversold on a 25-day basis (Wert24.71). Therefore, the stock has also received a “buy” rating of RSI25. In short, this provides a “buy” level for ServiceNow security in this section.

Should investors sell now? Is it worth joining ServiceNow?

How does ServiceNow move people’s hearts?

The analysis of the rate of change in sentiment and the intensity of discussion revealed the following: In the past month, there was no significant trend in investor sentiment. Therefore, we refer to this comment as “holding.” Let’s look at the intensity of the discussion last month. This shows whether stocks tend to attract more or less attention. Investors did not discuss the company more or less than usual. This leads to a “maintain” rating. This gives ServiceNow a “hold” rating.

Does the P/E ratio currently match?

We believe that ServiceNow is underestimated compared to the industry average (software). The price-to-earnings ratio (P/E) of this share is 98.87, so the gap with industry P/E 156 is 37%. This leads to a basic “buy” recommendation.

Buy, sell, hold or sell-your ServiceNow analysis 22.10. Provide answers:

How will ServiceNow develop now? Is this stock safe for your funds? 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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