Can analysts adopt a bullish outlook for ServiceNow, Inc. (NYSE:NOW)?

November 10, 2018 - By Louis Casey

ServiceNow, Inc. (NYSE:NOW) LogoInvestors sentiment increased to 1.28 in Q2 2018. Its up 0.25, from 1.03 in 2018Q1. It is positive, as 37 investors sold ServiceNow, Inc. shares while 140 reduced holdings. 73 funds opened positions while 154 raised stakes. 167.12 million shares or 0.19% more from 166.80 million shares in 2018Q1 were reported.
Nelson Roberts Advisors Limited Company has 0.01% invested in ServiceNow, Inc. (NYSE:NOW). The Massachusetts-based Alpha Windward Ltd Limited Liability Company has invested 0.06% in ServiceNow, Inc. (NYSE:NOW). Daiwa Securities Gru Incorporated Inc, a Japan-based fund reported 34,117 shares. The New York-based Pinebridge L P has invested 0.46% in ServiceNow, Inc. (NYSE:NOW). Massachusetts-based Putnam Investments Ltd Liability has invested 0.46% in ServiceNow, Inc. (NYSE:NOW). Corvex Limited Partnership holds 653,048 shares or 5.41% of its portfolio. Coatue Management Limited Company invested 1.64% in ServiceNow, Inc. (NYSE:NOW). Keybank Natl Association Oh holds 14,859 shares or 0.01% of its portfolio. Gabelli Funds Ltd Liability Corporation owns 39,400 shares or 0.04% of their US portfolio. Advsr Asset Mngmt holds 0.05% or 599,661 shares. Us Comml Bank De reported 250,503 shares. Thornburg Inv Management holds 0.11% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 80,593 shares. Dekabank Deutsche Girozentrale has 0.04% invested in ServiceNow, Inc. (NYSE:NOW) for 38,332 shares. Geode Cap Mgmt Ltd Liability Corp accumulated 1.43 million shares. Tiger Glob Limited Liability Corporation has invested 1.37% in ServiceNow, Inc. (NYSE:NOW).

Since May 11, 2018, it had 0 buys, and 21 insider sales for $66.03 million activity. Slootman Frank sold $5.42M worth of stock or 31,716 shares. Scarpelli Michael also sold $6.72M worth of ServiceNow, Inc. (NYSE:NOW) on Friday, May 11. On Monday, September 17 the insider LUDDY FREDERIC B sold $6.38 million. Sands Anita M had sold 420 shares worth $74,953 on Monday, June 11. Schneider David sold 2,372 shares worth $400,156. WADORS PATRICIA L sold $663,525 worth of stock or 3,831 shares.

ServiceNow, Inc. (NYSE:NOW) Ratings Coverage

Among 10 analysts covering ServiceNow (NYSE:NOW), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. ServiceNow had 13 analyst reports since May 31, 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 Bank of America on Wednesday, July 25. JP Morgan maintained ServiceNow, Inc. (NYSE:NOW) rating on Monday, September 17. JP Morgan has “Neutral” rating and $15 target. On Thursday, July 26 the stock rating was maintained by Stifel Nicolaus with “Hold”. Deutsche Bank maintained ServiceNow, Inc. (NYSE:NOW) rating on Thursday, May 31. Deutsche Bank has “Buy” rating and $200 target. The firm earned “Outperform” rating on Thursday, July 26 by Credit Suisse. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Overweight” rating by Barclays Capital on Friday, September 7. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Overweight” rating by Morgan Stanley on Tuesday, October 23. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, July 26. JP Morgan maintained it with “Neutral” rating and $200 target in Friday, July 27 report. Below is a list of ServiceNow, Inc. (NYSE:NOW) latest ratings and price target changes.

23/10/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $198 New Target: $188 Maintain
23/10/2018 Broker: Needham Rating: Buy New Target: $224 Initiates Coverage On
02/10/2018 Broker: Jefferies Rating: Buy New Target: $240 Initiates Coverage On
17/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $13 New Target: $15 Maintain
07/09/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $198 New Target: $235 Maintain
27/07/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $163 New Target: $200 Maintain
26/07/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $180 New Target: $215 Maintain
26/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $172 New Target: $198 Maintain
26/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $165 New Target: $180 Maintain
26/07/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $194 New Target: $210 Maintain

The stock decreased 4.60% or $8.57 during the last trading session, reaching $177.59. About 2.21M shares traded or 3.09% up from the average. ServiceNow, Inc. (NYSE:NOW) has risen 74.41% since November 10, 2017 and is uptrending. It has outperformed by 58.79% the S&P500.

ServiceNow, Inc. provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company has market cap of $31.60 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 important recent ServiceNow, Inc. (NYSE:NOW) news were published by: Seekingalpha.com which released: “ServiceNow Set To Move Higher After Third Quarter Earnings Report” on October 23, 2018, also Seekingalpha.com published article titled: “ServiceNow Counting On AI And Natural Language For Growth”, Seekingalpha.com published: “ServiceNow reports Q3 beats, raises FY subscription revenue guide” on October 24, 2018. More interesting news about ServiceNow, Inc. (NYSE:NOW) was released by: Tucson.com and their article: “ServiceNow’s Chief Financial Officer to Present at Three Upcoming Investor Conferences” with publication date: November 08, 2018.

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

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