JMP Securities Keeps Their Buy Rating on ServiceNow (NOW)

JMP Securities analyst Patrick Walravens maintained a Buy rating on ServiceNow (NOWResearch Report) yesterday and set a price target of $705.00. The company’s shares closed last Tuesday at $571.92.

According to TipRanks.com, Walravens is a 5-star analyst with an average return of 17.0% and a 58.6% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Alkami Technology.

ServiceNow has an analyst consensus of Strong Buy, with a price target consensus of $684.95.

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The company has a one-year high of $707.60 and a one-year low of $448.27. Currently, ServiceNow has an average volume of 1.7M.

Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2004 and based in California, ServiceNow, Inc. is a software company which provides enterprise cloud computing solutions to help companies manage digital workflows for enterprise operations. The company offers its solutions to various sectors including healthcare, education, oil and gas, telecommunications, government, consumer products, technology, IT and financial services.

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