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ServiceNow Inc (NOW) Stock: Do Analysts Think You Should Accumulate?

Monday, February 28, 2022 01:39 PM | InvestorsObserver Analysts

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ServiceNow Inc (NOW) Stock: Do Analysts Think You Should Accumulate?

Analysts who follow ServiceNow Inc (NOW) on average expect it to add 22.98% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 71, which means it ranks higher than 71 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.9
Wall Street analysts are rating NOW a Strong Buy today. Find out what this means to you and get the rest of the rankings on NOW!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With ServiceNow Inc Stock Today?

ServiceNow Inc (NOW) stock is trading at $576.36 as of 1:29 PM on Monday, Feb 28, a decline of -$3.87, or -0.67% from the previous closing price of $580.23. The stock has traded between $573.50 and $585.54 so far today. Volume today is below average. So far 569,442 shares have traded compared to average volume of 2,146,321 shares. Click Here to get the full Stock Report for ServiceNow Inc stock.

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