RBC Capital analyst Matthew Hedberg maintained a Buy rating on ServiceNow (NYSE:NOW) on Sunday, setting a price target of $640, which is approximately 9.91% above the present share price of $582.29.
Hedberg expects ServiceNow to post earnings per share (EPS) of $0.42 for the third quarter of 2021.
The current consensus among 18 TipRanks analysts is for a Strong Buy rating of shares in ServiceNow, with an average price target of $618.65.
The analysts price targets range from a high of $695 to a low of $520.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.36 billion and a net profit of $97 million. The company's market cap is $114.97 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.9% and a 77.05% success rate.
Founded in 2004 and based in California, ServiceNow, Inc. is a software company which provides enterprise cloud computing solutions to help companies manage digital workflows for enterprise operations. The company offers its solutions to various sectors including healthcare, education, oil and gas, telecommunications, government, consumer products, technology, IT and financial services.