BNP Paribas Exane has revised its price target for ServiceNow (NOW, Financial), decreasing it from $975 to $845. The adjustment comes as analyst Stefan Slowinski maintains a Neutral rating on the company's shares.
This update reflects evolving market conditions and possibly adjustments in projected company performance, as analysts continue to evaluate the company's position in the tech industry. ServiceNow (NOW, Financial) remains under observation by investors, as its stock movements could impact trading strategies based on these new insights.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for ServiceNow Inc (NOW, Financial) is $1,062.49 with a high estimate of $1,426.00 and a low estimate of $716.00. The average target implies an upside of 32.80% from the current price of $800.06. More detailed estimate data can be found on the ServiceNow Inc (NOW) Forecast page.
Based on the consensus recommendation from 47 brokerage firms, ServiceNow Inc's (NOW, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ServiceNow Inc (NOW, Financial) in one year is $1056.61, suggesting a upside of 32.07% from the current price of $800.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ServiceNow Inc (NOW) Summary page.
