RBC Capital Keeps Their Buy Rating on ServiceNow (NOW)

In a report released today, Alex Zukin from RBC Capital maintained a Buy rating on ServiceNow (NOW), with a price target of $370.00. The company’s shares closed last Monday at $312.93, close to its 52-week high of $318.84.

According to TipRanks.com, Zukin is a top 25 analyst with an average return of 24.4% and a 77.4% success rate. Zukin covers the Technology sector, focusing on stocks such as Zoom Video Communications, Cornerstone Ondemand, and Ceridian HCM Holding.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ServiceNow with a $358.48 average price target, representing a 13.6% upside. In a report issued on January 16, Bernstein also maintained a Buy rating on the stock with a $369.00 price target.

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Based on ServiceNow’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $40.6 million. In comparison, last year the company had a net profit of $7.02 million.

Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is neutral on the stock.

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ServiceNow, Inc. engages in the provision of enterprise cloud computing solutions. It offers customer and facilities service management, orchestration core, service mapping, cloud and portfolio management, edge encryption, performance analytics, service portal designer, visual task boards and configuration management database.

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