How did analysts react to Servicenow?
In the past 12 months, analysts have made 23 buy, 5 hold and 0 sell valuations for Servicenow, which is equivalent to an average “buy” rating. A qualified analysis can also be performed last month. There are 10 buy, 2 hold and 0 sell ratings. For us, this is equivalent to an overall assessment of “purchase” in the short term. According to analysts’ opinions, the average target price for this stock is $481.56. Based on the recent closing price ($513.58), this share may fall by -6.23%, corresponding to the “sell” recommendation. From an analyst’s point of view, Servicenow stock has generally received “hold” recommendations.
Overbought or oversold?This is how RSI currently behaves
A well-known method to assess whether a security is currently “overbought” or “oversold” through technical analysis is the Relative Strength Index (RSI), which is related to changes in price over time. We consider Servicenow’s 7-day and 25-day RSI. Let’s start with the 7-day Relative Strength Index, which is currently 44.03 points. This means that Servicenow is currently neither overbought nor sold. Therefore, the share is classified as “hold”. What about the 25-day RSI? Like RSI7, Servicenow will neither overbought nor sell (value 44.52) on this basis. Therefore, the safety of RSI25 is also rated as “hold”. Most importantly, in our analysis, Servicenow was rated as “hold”.
Should investors sell now? Is it worth joining ServiceNow?
In contrast: What price return does the stock provide?
Last year, the share’s return was 112.35 percent. Compared with stocks in the same sector (“Information Technology”), Servicenow is 96.55% higher than the average (15.8%). The average annual yield of securities in the “software” industry in the same industry is 23.18%. Servicenow is currently 89.17% higher than this value. Due to poor performance, we use the “buy” price to evaluate the share.
Buy, sell, hold or sell-your ServiceNow analysis 06.11. 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.
Current service: Sale? Read more here…
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