Analyst Price Target Update on ServiceNow (NYSE:NOW)

ServiceNow (NYSE:NOW): 16 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $82.19 in ServiceNow (NYSE:NOW). However, the stock price could fluctuate by $ 10.26 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $102 price target with the lower price estimate is calculated at $60

Many analysts have stated their opinion on the company shares. Macquarie initiates coverage on ServiceNow (NYSE:NOW) The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency announces the price target to $81 per share. The rating by the firm was issued on April 26, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (CHIEF PRODUCT OFFICER) of Servicenow, Inc., Luddy Frederic B had sold 195,000 shares worth of $14,792,700 in a transaction dated June 7, 2016. In this transaction, 195,000 shares were sold at $75.86 per share.

ServiceNow (NYSE:NOW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.32 points or 1.78% at $72.71 with 1,753,940 shares getting traded. Post opening the session at $73.32, the shares hit an intraday low of $72.55 and an intraday high of $74.38 and the price was in this range throughout the day. The company has a market cap of $11,837 million and the number of outstanding shares have been calculated to be 162,800,000 shares. The 52-week high of ServiceNow (NYSE:NOW) is $91.28 and the 52-week low is $45.995.

ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (HR), facilities, field service, marketing, legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries, including financial services, consumer products, IT services, health care and technology. The Company offers a portfolio of services, including Professional Services, Education Services and Customer Support. The Company provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.

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