Morgan Stanley downgraded ServiceNow (NYSE: NOW) from “Overweight” to “Equal-Weight” on October 21, 2024 ahead of the company's Q3 earnings report. Despite the downgrade, Morgan Stanley raised its price target for the stock from $900 to $960, reflecting mixed signals about the company's near-term prospects.
The stock already looks expensive, but Jefferies sees 20% more upside.
ServiceNow (NOW) closed at $921.75 in the latest trading session, marking a +0.5% move from the prior day.
Swelling revenue, growth prospects drive shares of software company ServiceNow, Inc. (NOW) up.
Evaluate the expected performance of ServiceNow (NOW) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
ServiceNow (NOW) concluded the recent trading session at $917.12, signifying a -0.19% move from its prior day's close.
ServiceNow (NOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
American software giant ServiceNow on Monday announced plans to invest $1.5 billion in the U.K. The cash will be used to grow ServiceNow's U.K. business with plans to open new office space and grow the firm's headcount.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
STOCK CLIMBS OVER 2% AT ITS HIGH
ServiceNow (NOW) closed the most recent trading day at $938.65, moving +1.81% from the previous trading session.
A hot jobs report combined with still-dovish Fedspeak lifted the rate-sensitive software sector.