Northland Securities Remains a Buy on ServiceNow (NOW)

Northland Securities analyst Tyler Wood maintained a Buy rating on ServiceNow (NOWResearch Report) on October 24. The company’s shares closed last Monday at $241.22.

ServiceNow has an analyst consensus of Strong Buy, with a price target consensus of $299.50, a 24.2% upside from current levels. In a report issued on October 17, Macquarie also reiterated a Buy rating on the stock with a $335.00 price target.

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The company has a one-year high of $303.17 and a one-year low of $147.63. Currently, ServiceNow has an average volume of 2.2M.

Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOW in relation to earlier this year.

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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.