Analyst Rating Update on ServiceNow (NOW)

ServiceNow (NYSE:NOW) : 19 analysts are covering ServiceNow (NYSE:NOW) and their average rating on the stock is 1.45, which is read as a Strong Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ServiceNow (NYSE:NOW) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ServiceNow (NYSE:NOW) : The consensus price target for ServiceNow (NYSE:NOW) is $82.19 for the short term with a standard deviation of $10.26. The most optimist securities analyst among the 16 who monitor the stock believes that the stock can reach $102, however, the pessimist price target for the company is $60.

For the current week, the company shares have a recommendation consensus of Buy. Also, Cowen & Company initiates coverage on ServiceNow (NYSE:NOW) . Analysts at the Cowen & Company have a current rating of Outperform on the shares. The rating by the firm was issued on June 24, 2016.

ServiceNow (NYSE:NOW): stock turned positive on Tuesday. Though the stock opened at $65, the bulls momentum made the stock top out at $65.7 level for the day. The stock recorded a low of $63.88 and closed the trading day at $65.13, in the green by 2.29%. The total traded volume for the day was 2,255,759. The stock had closed at $63.67 in the previous days trading.

In an insider trading activity,The director officer (CHIEF PRODUCT OFFICER) of Servicenow, Inc., Luddy Frederic B sold 195,000 shares at $75.86 on June 7, 2016. The Insider selling transaction had a total value worth of $14,792,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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