Needham analyst Jack Andrews reiterated a Buy rating on ServiceNow (NYSE:NOW) on Thursday, setting a price target of $538, which is approximately 11.15% above the present share price of $484.05.
Andrews expects ServiceNow to post earnings per share (EPS) of $0.21 for the fourth quarter of 2020.
The current consensus among 21 TipRanks analysts is for a Strong Buy rating of shares in ServiceNow, with an average price target of $546.72.
The analysts price targets range from a high of $640 to a low of $430.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.07 billion and a net profit of $62.27 million. The company's market cap is $98.59 billion.
According to TipRanks.com, Needham analyst Jack Andrews is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.0% and a 67.67% success rate.
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. The firm offers its solutions for the industries under the categories of Healthcare, Education, Government and Financial services. The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.