ServiceNow (NYSE:NOW – Get Free Report) had its price objective raised by research analysts at JPMorgan Chase & Co. from $150.00 to $160.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 45.68% from the stock’s current price.
Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group set a $145.00 price target on shares of ServiceNow in a research note on Thursday. Robert W. Baird set a $185.00 price objective on shares of ServiceNow in a research report on Thursday. DA Davidson set a $170.00 target price on shares of ServiceNow and gave the stock a “buy” rating in a report on Monday, July 20th. Benchmark reissued a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. Finally, Oppenheimer reiterated an “outperform” rating and set a $165.00 target price on shares of ServiceNow in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price of $154.50.
View Our Latest Stock Analysis on ServiceNow
ServiceNow Stock Down 26.8%
Shares of ServiceNow stock traded down $40.30 during trading on Thursday, reaching $109.83. The stock had a trading volume of 75,432,001 shares, compared to its average volume of 21,594,254. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $113.56 billion, a price-to-earnings ratio of 68.64, a P/E/G ratio of 2.92 and a beta of 0.99. The stock has a fifty day moving average price of $139.55 and a two-hundred day moving average price of $115.79. ServiceNow has a 52 week low of $81.24 and a 52 week high of $192.97.
ServiceNow (NYSE:NOW – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the business posted $4.82 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. Sell-side analysts predict that ServiceNow will post 2.23 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the transaction, the director owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction on Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the sale, the insider directly owned 18,305 shares of the company’s stock, valued at $2,706,760.35. This represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,081 shares of company stock valued at $1,937,904 over the last 90 days. 0.34% of the stock is currently owned by insiders.
Institutional Investors Weigh In On ServiceNow
Several institutional investors and hedge funds have recently bought and sold shares of the company. Traynor Capital Management Inc. raised its holdings in shares of ServiceNow by 39.0% during the 3rd quarter. Traynor Capital Management Inc. now owns 62,823 shares of the information technology services provider’s stock worth $8,419,000 after buying an additional 17,634 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in ServiceNow by 3,959.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 736,917 shares of the information technology services provider’s stock valued at $98,235,000 after acquiring an additional 718,762 shares during the last quarter. Greenleaf Trust raised its stake in ServiceNow by 408.2% during the third quarter. Greenleaf Trust now owns 109,783 shares of the information technology services provider’s stock worth $14,712,000 after acquiring an additional 88,182 shares in the last quarter. Nippon Life Global Investors Americas Inc. raised its stake in ServiceNow by 396.2% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 83,270 shares of the information technology services provider’s stock worth $11,159,000 after acquiring an additional 66,490 shares in the last quarter. Finally, Columbia Bank raised its stake in ServiceNow by 9.5% during the third quarter. Columbia Bank now owns 18,670 shares of the information technology services provider’s stock worth $2,502,000 after acquiring an additional 1,612 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.
Key ServiceNow News
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: ServiceNow raised its 2026 artificial-intelligence contract target to $1.7 billion, while subscription revenue increased 20.5% year over year to $3.99 billion. The company also expanded its enterprise AI partnership with OpenAI, supporting AI agents, cybersecurity and governed workflows. ServiceNow: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: New commercial activity provided longer-term support, including a five-year HPE agreement to use ServiceNow for AI-powered support services and the launch of a Control Tower Alliance focused on enterprise AI adoption and governance. HPE selects ServiceNow to transform support services
- Positive Sentiment: Several analysts maintained bullish views after the selloff. Piper Sandler reaffirmed an overweight rating with a $175 target, while Oppenheimer maintained outperform with a $165 target. TD Cowen retained a buy rating despite lowering its target to $160. Piper Sandler ServiceNow rating
- Neutral Sentiment: Third-quarter revenue reached $4.11 billion, ahead of the $4.09 billion consensus, but adjusted EPS was $1.00 versus expectations of $1.02. Revenue growth remained strong, although profitability was pressured by acquisition-related costs. ServiceNow third-quarter earnings report
- Negative Sentiment: The main concern was guidance: fourth-quarter contracted backlog growth is expected to slow to 18.5%, below the 21.5% revenue-growth forecast. Because backlog is an indicator of future subscription revenue, investors viewed the deceleration as evidence of softer demand and greater AI-related disruption risk. ServiceNow guides to slower backlog growth
- Negative Sentiment: Analysts also lowered targets, including UBS to $140, BTIG Research to $150 and Wells Fargo to $175. Concerns about ServiceNow’s $7.52 billion debt load and rising interest costs added pressure to the stock’s valuation and financial-flexibility outlook. ServiceNow debt and interest costs
About ServiceNow
ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.
The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.
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