- ServiceNow (NOW, Financial) shares surged over 10% in after-hours trading after posting impressive quarterly results and a promising subscription revenue forecast.
- Analysts project an average price target of $1,023.69, indicating a potential upside of nearly 26% from the current stock price.
- GuruFocus estimates suggest a GF Value of $1,056.38, forecasting a nearly 30% increase from current levels.
ServiceNow (NOW) delighted investors with a notable surge in after-hours trading, as its recent quarterly performance exceeded expectations. The tech giant not only posted impressive results but also delivered a strong subscription revenue forecast, quelling market concerns. Technical analysis pinpoints potential resistance for the stock at around $900, with further upward momentum possibly reaching targets of $1,000 or even $1,160.
Insights from Wall Street Analysts
According to insights gathered from 40 industry analysts, the average one-year price target for ServiceNow Inc (NOW, Financial) is set at $1,023.69. This projection features a high estimate of $1,300.00 and a low estimate of $716.00. The average target price indicates a potential upside of 25.96% from its current trading value of $812.70. Further analysis and projections can be explored on the ServiceNow Inc (NOW) Forecast page.
ServiceNow maintains a consensus "Outperform" status based on evaluations from 47 brokerage firms, with an average brokerage recommendation score of 1.9. This rating scale ranges from 1, indicating a Strong Buy, to 5, denoting a Sell recommendation.
GuruFocus Valuation Metrics
According to GuruFocus, the estimated GF Value for ServiceNow Inc (NOW, Financial) stands at $1,056.38 for the upcoming year. This figure predicts an upside of 29.98% from the current price point of $812.70. The GF Value represents an estimation of the fair market value based on historical trading multiples, past growth performances, and future business forecasts. For an in-depth look at ServiceNow's metrics, visit the ServiceNow Inc (NOW) Summary page.
