ServiceNow (NYSE:NOW) Stock Price Up 4% – Time to Buy?

Posted by Francis Steltz on May 14th, 2026

ServiceNow, Inc. (NYSE:NOW – Get Free Report) shares rose 4% on Thursday . The company traded as high as $92.00 and last traded at $90.5620. Approximately 25,342,259 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 21,502,559 shares. The stock had previously closed at $87.05.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow’s expanding partnerships with Boomi, FedEx, and Accenture reinforce its AI and workflow automation growth narrative. FedEx advances ServiceNow partnership with procurement integration
Positive Sentiment: Analyst commentary remains constructive, with investors still viewing ServiceNow as a leading AI-enabled enterprise software platform. ServiceNow and Accenture Launch Engineering Program to Scale Agentic AI for Enterprises

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NOW shares. Weiss Ratings lowered shares of ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group dropped their target price on shares of ServiceNow from $188.00 to $163.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. KeyCorp set a $85.00 target price on shares of ServiceNow and gave the company an “underweight” rating in a research report on Thursday, April 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of ServiceNow in a research report on Tuesday, May 5th. Finally, Raymond James Financial dropped their target price on shares of ServiceNow from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $144.71.

Check Out Our Latest Report on ServiceNow

ServiceNow Stock Up 4.0%

The stock has a market capitalization of $93.37 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The business’s 50-day moving average is $101.35 and its two-hundred day moving average is $129.98. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

ServiceNow (NYSE:NOW – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.97. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. ServiceNow’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Equities analysts anticipate that ServiceNow, Inc. will post 2.35 EPS for the current year.

Insider Buying and Selling

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the transaction, the insider directly owned 26,314 shares in the company, valued at $2,781,652.94. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul Fipps sold 9,641 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the completion of the transaction, the insider owned 11,757 shares in the company, valued at $1,245,419.01. The trade was a 45.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,815 shares of company stock worth $2,358,927. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On ServiceNow

Institutional investors and hedge funds have recently bought and sold shares of the company. Cohen Klingenstein LLC increased its position in shares of ServiceNow by 400.0% in the 4th quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider’s stock valued at $1,532,000 after purchasing an additional 8,000 shares during the last quarter. World Investment Advisors increased its position in shares of ServiceNow by 411.7% in the 4th quarter. World Investment Advisors now owns 47,955 shares of the information technology services provider’s stock valued at $7,346,000 after purchasing an additional 38,583 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of ServiceNow by 385.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock valued at $398,202,000 after purchasing an additional 2,064,440 shares during the last quarter. Torray Investment Partners LLC increased its position in shares of ServiceNow by 390.5% in the 4th quarter. Torray Investment Partners LLC now owns 40,629 shares of the information technology services provider’s stock valued at $6,224,000 after purchasing an additional 32,345 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of ServiceNow by 280.1% in the 4th quarter. Jennison Associates LLC now owns 8,432,389 shares of the information technology services provider’s stock valued at $1,291,758,000 after purchasing an additional 6,213,762 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Company Profile

(Get Free Report)

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.