UPDATE: Barclays Starts ServiceNow (NOW) at Overweight; Vertical and Horizontal Opportunity
Tweet
Share
E-mail
Get Alerts NOW Hot Sheet
Price: $124.00 -2.55%
Rating Summary:
54 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
54 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
(Updated - July 24, 2012 2:53 PM EDT)
Barclays initiates coverage on ServiceNow (NYSE: NOW) with an Overweight. PT
$30.00.
Analyst, Raimo Lenschow, said, "ServiceNow is one of the fastest-growing companies in the Software-as-a-Service (SaaS) space, having increased revenues by +100% in 2011. It has a broad addressable market, today offering software to manage IT departments - a large horizontal opportunity as every company grapples with IT. However, the long-term opportunity is potentially even larger, as the company is in a good position to become a Platform-as-a-Service (PaaS) provider, an emerging opportunity that industry analysts still struggle to quantify."
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 $24.35 yesterday.
Barclays initiates coverage on ServiceNow (NYSE: NOW) with an Overweight. PT
$30.00.
Analyst, Raimo Lenschow, said, "ServiceNow is one of the fastest-growing companies in the Software-as-a-Service (SaaS) space, having increased revenues by +100% in 2011. It has a broad addressable market, today offering software to manage IT departments - a large horizontal opportunity as every company grapples with IT. However, the long-term opportunity is potentially even larger, as the company is in a good position to become a Platform-as-a-Service (PaaS) provider, an emerging opportunity that industry analysts still struggle to quantify."
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 $24.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ServiceNow (NOW) call put ratio 3.2 calls to 1 put as share price up 1.3%
- Barclays Downgrades PolyPeptide Group AG (PPGN:SW) to Equalweight
- Barclays: US stocks sell off despite historic earnings beats
Create E-mail Alert Related Categories
Hot New Coverage, New CoverageRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
