Morgan Stanley analyst Keith Weiss maintains $ServiceNow (NOW.US)$ with a hold rating, and maintains the target price at $960.
According to TipRanks data, the analyst has a success rate of 66.4% and a total average return of 14.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $ServiceNow (NOW.US)$'s main analysts recently are as follows:
ServiceNow's recent 'beat and raise' third quarter, showcasing increasing revenue from generative artificial intelligence, confirms its unique position in the sphere of enterprise software.
ServiceNow has delivered a robust performance in Q3, surpassing expectations across various metrics and projecting an increased revenue outlook for fiscal 2024. The significant uptick in artificial intelligence bookings is a prominent indication of the company's momentum.
ServiceNow has presented a 'healthy Q3 across the board.' The expectation is that the company's shares will remain favorable after short-term quarterly expectations stabilize. With sales growth surpassing that of its peers and maintaining robust margin levels, the company is also fostering an emergent narrative around generative artificial intelligence that appears to be credible.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
