JMP Securities Sticks To Its Buy Rating For ServiceNow By Investing.com


JMP Securities analyst Patrick Walravens maintained a buy rating on ServiceNow (NYSE 🙂 on Monday, setting a price target of $ 705, or around 14.16% above the current share price. of $ 617.58.

Walravens expects ServiceNow to post earnings per share (EPS) of $ 0.30 for the fourth quarter of 2021.

The current consensus among the 21 TipRanks analysts is in favor of a strong buy rating for ServiceNow shares, with an average price target of $ 686.45.
Analysts’ price targets range from a high of $ 796 to a low of $ 580.

In its latest earnings report, released 6/30/2021, the company reported quarterly revenue of $ 1.41 billion and net income of $ 51 million. The company’s market capitalization is $ 122.34 billion.

According to TipRanks.com, JMP Securities analyst Patrick Walravens is currently ranked with 5 stars on a 0 to 5 star rating scale, with an average return of 29.2% and a success rate of 70.32%.

Founded in 2004 and headquartered in California, ServiceNow, Inc. is a software company that provides enterprise cloud computing solutions to help businesses manage digital workflows for business operations. The company offers its solutions to a variety of industries, including healthcare, education, oil and gas, telecommunications, government, consumer products, technology, IT and financial services.

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