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ServiceNow (NYSE:NOW) Maintains Equal-Weight Rating Amidst Strong Analyst Optimism
Jul 8, 2025 9:00 PM - Danny Green
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- Morgan Stanley maintains an Equal-Weight rating for ServiceNow (NYSE:NOW), with the stock priced at $1,019.99.
- The average brokerage recommendation (ABR) for ServiceNow stands at 1.31, indicating a consensus between Strong Buy and Buy.
- ServiceNow's current stock price is $1,022.98, with a year trading range of $678.66 to $1,198.09, showcasing significant market volatility.
ServiceNow (NYSE:NOW) is a prominent player in the cloud computing industry, providing enterprise solutions that streamline digital workflows. The company is known for its innovative software-as-a-service (SaaS) offerings, which help businesses automate and optimize their operations. ServiceNow competes with other tech giants like Salesforce and Oracle in the enterprise software market.
On July 8, 2025, Morgan Stanley maintained its rating for ServiceNow at Equal-Weight, suggesting investors hold their positions. At that time, the stock was priced at $1,019.99. This recommendation aligns with the current market sentiment, as highlighted by Benzinga in their article "Spotlight on ServiceNow: Analyzing the Surge in Options Activity."
Despite Morgan Stanley's hold recommendation, Wall Street analysts show strong optimism towards ServiceNow. The company's average brokerage recommendation (ABR) stands at 1.31, indicating a position between Strong Buy and Buy. Out of 42 brokerage firms, 35 have given a Strong Buy recommendation, while three have suggested a Buy, accounting for 83.3% and 7.1% of the total, respectively.
ServiceNow's stock price is currently $1,022.98, reflecting a slight decrease of $12.03 or approximately 1.16%. The stock has experienced fluctuations, with a trading range between $1,011.50 and $1,037.95 during the day. Over the past year, the stock has seen a high of $1,198.09 and a low of $678.66, indicating significant volatility.
With a market capitalization of approximately $211.9 billion, ServiceNow remains a major player in the tech industry. The trading volume for the day is 1,457,097 shares on the NYSE, reflecting active investor interest. Despite the recent price dip, the strong analyst recommendations suggest continued confidence in ServiceNow's growth potential.
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