Servicenow share: Better than the competition!

Servicenow provides a higher rate of return than the competition

Servicenow has achieved 34.91% of performance in the past 12 months. Similar stocks in the “software” industry have risen by an average of 35.13%, which means that Servicenow has underperformed -0.23% in the industry comparison. The average return of the “information technology” sector last year was 29.63%. Servicenow is 5.28% higher than this average. Similar returns in the industry comparison and outstanding performance in the industry comparison led to a “buy” rating in this category.

What courses does the analyst watch?

In the past 12 months, Servicenow stock has been given the following ratings by analysts in the research department: 28 buy, 1 hold, and 0 sell ratings. From this we derive the long-term classification of “buy”. This is also the opinion of analysts, who recently rated the stock-the average recommendation for Servicenow last month was also a “buy” (16 buy, 0 hold, 0 sell). The target price for Servicenow stock is again an average of $636.78. Since the final closing price was US$580.22, the expected price development is 9.75%. This is related to the “buy” rating. Therefore, analysts’ ratings of Servicenow’s share generally lead to a “buy” assessment.

Should investors sell now? Or is it worth joining ServiceNow?

What does the relative strength index show?

With the help of the relative strength index (RSI), a technical analysis indicator, you can determine whether a security is “overbought” or “oversold”. For this reason, the upward and downward movements of the underlying asset are related over time. Let’s look at the RSI of Servicenow stock for the past 7 days, which is currently 65.12. Therefore, the security is neither overbought nor oversold, so we give it a “hold” rating. The volatility of the RSI over the past 25 trading days is lower than RSI7 and supplements our analysis with a longer-term perspective. Here, Servicenow is neither overbought nor oversold (value 42.33), so the stock also has a “hold” rating of RSI25. Overall, Servicenow’s RSI analysis provides a “hold” rating.