ServiceNow saw an improvement in its IBD SmartSelect Composite Rating Friday, from 87 to 98.
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The new score means the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
ServiceNow is not currently near a proper buy zone. Look for the stock to form and break out of a new base.
The stock earns a 97 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the company posted 18% earnings growth. Top line growth came in at 19%, down from 21% in the previous quarter.
ServiceNow holds the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the top-ranked stock within the group.
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