Truist Financial analyst Miller Jump maintained a Buy rating on ServiceNow yesterday and set a price target of $130.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Jump covers the Technology sector, focusing on stocks such as ServiceNow, Dynatrace, and Atlassian. According to TipRanks, Jump has an average return of 13.2% and a 54.62% success rate on recommended stocks.
ServiceNow has an analyst consensus of Strong Buy, with a price target consensus of $140.91.
Based on ServiceNow’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.77 billion and a net profit of $469 million. In comparison, last year the company earned a revenue of $3.09 billion and had a net profit of $460 million
Based on the recent corporate insider activity of 140 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. Last month, Teresa Briggs, a Director at NOW sold 1,595.00 shares for a total of $173,376.50.
