From MarketBeat:

ServiceNow (NYSE:NOW) had its price target raised from $750.00 to $800.00 by Oppenheimer, citing an “outperform” rating given to the stock. This change would suggest an almost 10% potential upside from the stock’s previous close. NOW currently has an average rating of “Moderate Buy” and a consensus target price of $633.48.

Trading at $727.54 on Thursday, ServiceNow has a market capitalization of $149.15 billion, a PE ratio of 94.24, and a beta of 1.05. The company reported $1.21 earnings per share and $2.29 billion in revenue during the latest earnings period, topping analysts’ consensus estimates by $0.32.

Insider transactions have been notable at ServiceNow, with insiders selling 9,997 shares of company stock over the last ninety days, totaling $6,496,675. 0.24% of the stock is currently owned by corporate insiders.

Hedge funds increased their holdings in ServiceNow, with over 87.14% of the stock now owned by institutional investors. First Foundation Advisors, First Hawaiian Bank, and NorthRock Partners LLC all bolstered their positions in the second and third quarters.

Operational details include handling by the Now platform for workflow automation, artificial intelligence, machine learning, performance analytics, electronic service catalogs, and encryption, among others. ServiceNow provides enterprise cloud computing solutions that define, structure, consolidate, manage, and automate services for enterprises worldwide.



Read more: ServiceNow (NYSE:NOW) Price Target Raised to $800.00