Close

Piper Jaffray Starts ServiceNow (NOW) at Neutral

December 12, 2014 7:04 AM EST
Get Alerts NOW Hot Sheet
Price: $746.29 +0.72%

Rating Summary:
    48 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE

Piper Jaffray initiates coverage on ServiceNow (NYSE: NOW) with a Neutral rating and a price target of $69.00.

Analyst Katherine Egbert said, "ServiceNow is bringing automation to manual corporate processes, creating a market as it grows. The company has seen accelerated growth in billings every quarter this year, so tough comps abound. We are initiating with a Neutral due to valuation."

For an analyst ratings summary and ratings history on ServiceNow click here. For more ratings news on ServiceNow click here.

Shares of ServiceNow closed at $61.35 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage

Related Entities

Piper Jaffray