Breaking: Barclays Reaffirms $235 Target Price per Share On ServiceNow (NYSE:NOW) Shares, Reaffirms Their Original “Overweight” Rating

September 8, 2018 - By Palma Niemeyer

ServiceNow, Inc. (NYSE:NOW) Logo

Investors sentiment decreased to 1.03 in Q1 2018. Its down 0.02, from 1.05 in 2017Q4. It turned negative, as 34 investors sold ServiceNow, Inc. shares while 154 reduced holdings. 74 funds opened positions while 120 raised stakes. 166.80 million shares or 0.47% less from 167.59 million shares in 2017Q4 were reported.

Citadel Llc reported 0.01% stake. First Republic Invest has 0.01% invested in ServiceNow, Inc. (NYSE:NOW) for 10,824 shares. Dimensional Fund Limited Partnership holds 0.01% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 165,900 shares. Janney Montgomery Scott Lc holds 0.02% or 10,239 shares. Central Asset Investments And Mngmt Hldgs (Hk) Ltd owns 7,800 shares. Jpmorgan Chase & Company reported 4.86 million shares. Westfield Mngmt Limited Partnership accumulated 908,000 shares or 1.16% of the stock. Eagle Asset Mgmt has 313,096 shares for 0.28% of their portfolio. Greystone Managed Invs reported 0.22% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Castleark Mngmt Limited Liability Corporation reported 4,600 shares or 0.02% of all its holdings. Caxton Associates L P holds 0.05% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 5,469 shares. Ardevora Asset Management Llp holds 306,124 shares or 1.51% of its portfolio. Graham Capital Mngmt Ltd Partnership reported 6,234 shares or 0.06% of all its holdings. Moody Fincl Bank Tru Division reported 4,034 shares. Bloom Tree Prtn Limited Liability stated it has 78,069 shares or 1.09% of all its holdings.

Since March 12, 2018, it had 0 insider purchases, and 25 selling transactions for $112.56 million activity. $2.68M worth of stock was sold by Desai Chirantan Jitendra on Monday, May 14. $1.86M worth of stock was sold by Schneider David on Wednesday, August 22. Slootman Frank had sold 31,716 shares worth $5.42 million on Wednesday, May 16. The insider WADORS PATRICIA L sold 12,504 shares worth $2.25M. Sands Anita M sold $74,953 worth of stock. Shares for $6.72 million were sold by Scarpelli Michael.

ServiceNow (NYSE:NOW) Rating Reaffirmed

Barclays now has a $235 target price on the $35.05B market cap company or 19.30 % upside potential. In analysts note revealed to clients on Friday, 7 September, ServiceNow (NYSE:NOW) shares have had their “Overweight” Rating reaffirmed by expert analysts at Barclays.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 17 analysts covering ServiceNow (NYSE:NOW), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. ServiceNow has $215 highest and $163 lowest target. $192.94’s average target is -2.05% below currents $196.98 stock price. ServiceNow had 23 analyst reports since March 16, 2018 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Thursday, July 26. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by UBS on Tuesday, May 8. As per Thursday, April 26, the company rating was maintained by Macquarie Research. On Sunday, April 1 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Deutsche Bank on Thursday, May 31 with “Buy”. Piper Jaffray maintained the shares of NOW in report on Monday, April 30 with “Buy” rating. Barclays Capital maintained ServiceNow, Inc. (NYSE:NOW) rating on Thursday, July 12. Barclays Capital has “Overweight” rating and $195 target. The firm has “Buy” rating given on Wednesday, April 25 by BMO Capital Markets. The firm earned “Overweight” rating on Thursday, July 26 by KeyBanc Capital Markets. The rating was maintained by Robert W. Baird on Friday, March 16 with “Buy”.

The stock increased 1.97% or $3.8 during the last trading session, reaching $196.98. About 1.63 million shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 69.08% since September 8, 2017 and is uptrending. It has outperformed by 56.51% the S&P500.

Analysts await ServiceNow, Inc. (NYSE:NOW) to report earnings on October, 24. They expect $0.07 EPS, up 216.67 % or $0.13 from last year’s $-0.06 per share. NOW’s profit will be $12.46 million for 703.50 P/E if the $0.07 EPS becomes a reality. After $-0.19 actual EPS reported by ServiceNow, Inc. for the previous quarter, Wall Street now forecasts -136.84 % EPS growth.

ServiceNow, Inc. provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company has market cap of $35.05 billion. The firm offers service management solutions for customer support, human resources, security operations, and other enterprise departments. It currently has negative earnings. It operates ServiceNow platform that provides workflow, configuration management database, service catalog, service portal, knowledge management, reporting and analytics, data benchmarking, visual task boards, built-in and optional encryption capabilities, and collaboration and developer tools.

More recent ServiceNow, Inc. (NYSE:NOW) news were published by: Seekingalpha.com which released: “An Explosive Large-Cap Growth Story!” on September 04, 2018. Also Seekingalpha.com published the news titled: “ServiceNow: Still Spending Heavily On Growth Despite Wide Moat” on August 20, 2018. Ft.com‘s news article titled: “NYSE is putting its own interest ahead of investors'” with publication date: August 12, 2018 was also an interesting one.

ServiceNow, Inc. (NYSE:NOW) Institutional Positions Chart

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