ServiceNow Sharing: This is why analysts are so optimistic!

Last quarter, analysts rated ServiceNow (NYSE: NOW) as follows:

	Bullish	More bullish	indifferent	Relatively bearish	Bearish
overall evaluation	5	6	1	0	0
Last 30D	0	1	0	0	0
1M before	1	1	0	0	0
2 million last year	0	0	0	0	0
3M before	4	4	1	0	0

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

The average target price of these 12 analysts is US$683.17, while the current price of ServiceNow is 612.96, which implies upside potential.

Below is an overview of how these 12 analysts have evaluated ServiceNow in the past 3 months. The greater the number of positive ratings, the more positive the analyst’s evaluation of the stock, and the greater the number of negative ratings, the greater the negative evaluation of the stock by analysts.

Get a free PDF report on ServiceNow: download it for free here

This current average price is 9.42% higher than the previous average target price of $624.36.

Analyst comments: What are they?

Analysts are experts in banking and finance. They usually report on specific stocks or specific industries. They check the company’s financial statements, participate in conference calls and meetings, and talk to relevant insiders to determine so-called stock analyst ratings. Generally, analysts rate each stock every quarter.

Some analysts also provide forecasts on useful indicators such as earnings, sales, and growth estimates to provide further guidance on how to deal with specific stocks. It is important to remember that although stock and industry analysts are experts, they can only share their beliefs with traders.