ServiceNow (NYSE:NOW) Price Target Cut to $140.00 by Analysts at Mizuho

ServiceNow (NYSE:NOW) had its price objective reduced by Mizuho from $150.00 to $140.00 in a research note published on Thursday morning,MarketScreener reports. Mizuho currently has an outperform rating on the information technology services provider’s stock.

A number of other equities analysts also recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $185.00 price target on shares of ServiceNow in a report on Monday. KeyCorp set a $85.00 price target on ServiceNow and gave the company an “underweight” rating in a report on Thursday. Evercore lowered their price target on ServiceNow from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday. The Goldman Sachs Group lowered their price target on ServiceNow from $188.00 to $163.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on ServiceNow from $195.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. Three 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.68.

ServiceNow Trading Down 17.7%

NOW opened at $84.85 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. ServiceNow has a one year low of $81.24 and a one year high of $211.48. The company has a market cap of $87.92 billion, a P/E ratio of 50.57, a PEG ratio of 1.73 and a beta of 1.01. The business’s 50-day simple moving average is $105.18 and its 200-day simple moving average is $138.45.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting the consensus estimate of $0.97. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. As a group, equities research analysts expect that ServiceNow will post 2.49 EPS for the current fiscal year.

Insider Activity at ServiceNow

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares of the company’s stock, valued at $2,781,652.94. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Fipps sold 3,696 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.77, for a total value of $376,141.92. Following the completion of the sale, the insider directly owned 8,061 shares of the company’s stock, valued at approximately $820,367.97. This trade represents a 31.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,237 shares of company stock valued at $1,697,162 in the last three months. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of ServiceNow

Large investors have recently made changes to their positions in the company. Cohen Klingenstein LLC lifted its position in ServiceNow by 400.0% during the 4th quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider’s stock worth $1,532,000 after acquiring an additional 8,000 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in ServiceNow by 385.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock worth $398,202,000 after acquiring an additional 2,064,440 shares during the period. Natural Investments LLC lifted its position in ServiceNow by 332.0% during the 4th quarter. Natural Investments LLC now owns 16,453 shares of the information technology services provider’s stock worth $2,520,000 after acquiring an additional 12,644 shares during the period. Focus Financial Network Inc. lifted its position in ServiceNow by 286.1% during the 4th quarter. Focus Financial Network Inc. now owns 53,650 shares of the information technology services provider’s stock worth $8,219,000 after acquiring an additional 39,756 shares during the period. Finally, Telos Capital Management Inc. lifted its position in ServiceNow by 706.0% during the 4th quarter. Telos Capital Management Inc. now owns 50,940 shares of the information technology services provider’s stock worth $7,803,000 after acquiring an additional 44,620 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Q1 revenue beat and company raised its annual subscription-revenue outlook, with management citing strong adoption of ServiceNow’s AI products as a growth driver. Earnings Beat & Raise
• Positive Sentiment: Strategic momentum: deeper Google Cloud partnership and CEO comments emphasize AI-led product traction that could drive recurring revenue and long-term monetization. Google Cloud Partnership
• Neutral Sentiment: Armis acquisition completed (adds cyber‑exposure capability), a strategic tuck‑in that expands the product set but increases near‑term integration/expense complexity. Armis Acquisition
• Negative Sentiment: Management warned the Armis deal and acquisition-related costs will weigh on margins (roughly +75 bps FY headwind; ~125 bps in Q2), spooking investors focused on near‑term profitability. Margin Headwind
• Negative Sentiment: Geopolitical impact: ServiceNow cited delayed large deals in the Middle East (Iran conflict) that trimmed subscription growth this quarter — investors treated the disruption as a material near‑term revenue risk. Deal Delays from Iran War
• Negative Sentiment: Wall Street reaction: multiple firms cut price targets and some trimmed forecasts after the call; that wave of downgrades magnified selling pressure. Analyst Price‑Target Cuts
• Negative Sentiment: Sector contagion and positioning: ServiceNow’s miss‑/guidance mix reignited AI-disruption fears across software names, triggering a broad selloff and higher short interest that increased volatility. Sector Selloff

ServiceNow Company Profile

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.