ServiceNow is one of the most successful and fastest growing cloud companies today. Since the IPO, the stock price has clearly only known one direction: a sharp rise. As if that was not enough, Californians will be convinced with the latest news regularly.
It was announced on Tuesday that ServiceNow has signed a multi-year agreement with the NBA. ServiceNow will develop a workflow for the NBA to assist the NBA in conducting health checks and other procedures to minimize the spread of Covid-19.
Bullish analysis
At the same time, Barclays Bank has raised the target price of ServiceNow from US$400 to US$581 and maintained its rating at “overweight.” Overall, most analysts are still bullish. A total of 25 analysts recommended buying the stock. Six analysts gave reservations, and only two analysts rated the paper as “sell”.
ServiceNow’s stock is currently trading at around $517, close to its highest level in history. Shareholders hope that the rally will continue and advise investors to stick to it and allow profits to continue to grow.
Explanation of possible conflicts of interest:
The author Emil Jusifov directly took a position on the following financial instruments mentioned in the publication or related derivatives that could benefit from any resulting price increases: ServiceNow.
.
#ServiceNow #important #NBAunable #tame #police
More from Source