Stock-Split Watch: Is ServiceNow Next?
Business process optimizer (NYSE: NOW) entered the public stock market in 2012. The stock has gained a breathtaking 4,200% since then. If you bought $1,000 of ServiceNow shares on Day One, you'd have $43,140 in your pocket by now. If you bought a single share at the public offering's closing price, a $24.60 investment would have risen to $1,061.
And it would still be just a single share at a much higher price. ServiceNow has never executed a stock split, and the four-digit stock price is getting cumbersome for investors with limited budgets.
Should ServiceNow split its stock in the near future, and what would a split mean for its investors? Let's take a look.
Source Fool.com
ServiceNow Inc. Stock
€130.90
-1.910%
Currently there is a rather positive sentiment for ServiceNow Inc. with 86 Buy predictions and 6 Sell predictions.
Based on the current price of 130.9 € the target price of 976 € shows a potential of 645.61% for ServiceNow Inc. which would more than double the current price.
