JMP Securities analyst Patrick Walravens maintained a Buy rating on ServiceNow (NYSE:NOW) on Monday, setting a price target of $705, which is approximately 14.16% above the present 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 21 TipRanks analysts is for a Strong Buy rating of shares in ServiceNow, with an average price target of $686.45.
The analysts price targets range from a high of $796 to a low of $580.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.41 billion and a net profit of $51 million. The company's market cap is $122.34 billion.
According to TipRanks.com, JMP Securities analyst Patrick Walravens is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.2% and a 70.32% success rate.
Founded in 2004 and based in California, ServiceNow, Inc. is a software company which provides enterprise cloud computing solutions to help companies manage digital workflows for enterprise operations. The company offers its solutions to various sectors including healthcare, education, oil and gas, telecommunications, government, consumer products, technology, IT and financial services.