ServiceNow (NOW) Gets a Buy Rating from Barclays

Barclays analyst Raimo Lenschow maintained a Buy rating on ServiceNow (NOW) yesterday and set a price target of $345.00. The company’s shares closed last Monday at $341.62, close to its 52-week high of $343.89.

According to, Lenschow is a top 25 analyst with an average return of 20.5% and a 75.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Slack Technologies.

Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $363.44, implying an 8.9% upside from current levels. 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 December 31, the company reported a quarterly net profit of $599 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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