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Analysts at Deutsche Bank Didn’t Change their Buy rating for ServiceNow (NYSE:NOW) with $135.0 TP

Deutsche Securities Analyst Rating Change ServiceNow NYSE:NOW

ServiceNow (NYSE:NOW) Rating Kept

They currently have a $135.0 target price per share on Servicenow (NYSE:NOW). Deutsche Bank’s target would suggest a potential upside of 9.98 % from the company’s stock close price. This was disclosed in an analyst note on Wednesday, 18 October.

NYSE:NOW is currently trading -1.54% lower at $120.86 as of 10:09 AM New York time. ServiceNow’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has gained 6.00% over the same time.

According to data compiled by Thomson Reuters, ServiceNow (NYSE:NOW)’s stock is covered by 25 equity analysts across the Street, with 0 analysts giving it a Sell rating, 23 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is $80.76, which reflects an downside potential of 33.18% over the current price.

Institutional Ownership

Shearlink Capital Llc had the biggest stake with ownership of 441,684 shares as of Q2 2015 for 11.09% of the US equity exposure. Criterion Capital Management Llc is another bull as the fund who is owning 2.51 million shares of ServiceNow or 7.93% of their US equity exposure. Moreover, Scge Management L.P. have 6.83% of their US equity exposure invested in the company for 310,000 shares. The California-based fund Glynn Capital Management Llc revealed it had acquired a stake worth about 6.18% of the fund’s stock portfolio in ServiceNow. The California-based fund Dragoneer Investment Group Llc is also positive about the stock, possessing 247,079 shares or 6.14% of their US equity exposure.

ServiceNow (NYSE:NOW) Profile

Servicenow IncServiceNow, Inc. is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

ServiceNow (NYSE:NOW) traded down -1.54% on 18 October, hitting $120.86. A total of 789,801 shares of the company’s stock traded hands. This is down from average of 1.15M shares. ServiceNow has a 52 week low of $72.80 and a 52 week high of $123.58. The company has a market cap of $20.63B and a P/E ratio of 0.

Get the latest ServiceNow (NYSE:NOW) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Deutsche Bank Didn’t Change their Buy rating for ServiceNow (NYSE:NOW) with $135.0 TP appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Analysts at Deutsche Bank Didn’t Change their Buy rating for ServiceNow (NYSE:NOW) with $135.0 TP


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