Why ServiceNow Stock Bumped Higher on Hump Day
Business software specialist (NYSE: NOW) announced a piece of business on Wednesday, and the market rewarded the company for it. The stock ended that day's trading session more than 2% higher, in contrast to the flat performance of the S 500 index.
Before market open, ServiceNow broke the news that it has acquired Quality 360, a solution from Sweden-based IT services provider Advania. The platform is aimed at the manufacturing industry and was built on ServiceNow's solutions.
The acquirer did not specify either the price or the leading terms of the deal.
Source Fool.com
ServiceNow Inc. Stock
€78.00
3.010%
Currently there is a rather positive sentiment for ServiceNow Inc. with 108 Buy predictions and 7 Sell predictions.
Based on the current price of 78.0 € the target price of 185 € shows a potential of 137.18% for ServiceNow Inc. which would more than double the current price.
