Why ServiceNow Stock Bumped Higher on Monday
A wobbly stock at the end of last week, (NYSE: NOW) seemed to be finding a better balance at the beginning of this one. Investors cautiously bought shares of the stock on Monday, sending its price nearly 1% higher and notching a slight victory over the S 500 index's 0.5% rise. Inclusion on a "best of" list compiled by a top investment bank was a key factor in the rise.
That morning, Goldman Sachs added three names to its U.S. Conviction List, including ServiceNow (the other two joining it are delivery specialist DoorDash and energy company Golar LNG).
Image source: Getty Images.
Source Fool.com
ServiceNow Inc. Stock
€70.78
-7.770%
Currently there is a rather positive sentiment for ServiceNow Inc. with 105 Buy predictions and 7 Sell predictions.
Based on the current price of 70.78 € the target price of 185 € shows a potential of 161.37% for ServiceNow Inc. which would more than double the current price.
