On Wednesday, ServiceNow got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96. ServiceNow stock broke out earlier, but is now approximately 3% below the prior 681.20 entry from a flat base.
If a stock you're tracking breaks past a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout.
The new Composite Rating score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
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Service Now Stock Boasts Strong Earnings
Service Now stock earns a 93 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted a 28% rise in earnings for Q3. Top line growth came in at 31%, down from 32% in the previous quarter.
ServiceNow stock earns the No. 3 rank among its peers in the Computer Software-Enterprise industry group. Techtarget is the top-ranked stock within the group.
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