ServiceNow Inc(NYSE:NOW) Remains Favorite at Citi

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Citigroup says ServiceNow Inc(NYSE:NOW) remains its favorite high growth stock following the 30% pullback in shares. Citi believes the company can continue gaining market share versus BMC and it keeps a Buy rating on the name with a $70 price target. :th

Analysts have a consensus price target of $64 on ServiceNow Inc(NYSE:NOW) which indicates a 27% upside. The consensus rating of the stock is a BUY with a score of 2.86. There are currently 4 Hold ratings, 1 Strong Buy and 17 Buy ratings on the stock.

A recent analyst action consisted of Evercore Partners upgrading the stock from Equal Weight to Overweight, increasing the price target from $60 to $68.

ServiceNow, Inc. is a provider of cloud-based services to automate enterprise information technology (IT) operations. The Company’s service includes a suite of applications built on its platform that automates workflow and integrates related business processes.

 

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