ServiceNow, Inc. (NYSE:NOW) Stock Has Consensus Price Target of $146.51 According to Brokerages

ServiceNow, Inc. (NYSE:NOW) has been given an average rating of “Moderate Buy” by the forty-two analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $147.00.

Several research firms have recently weighed in on NOW. Deutsche Bank Aktiengesellschaft upped their price target on shares of ServiceNow from $135.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 21st. Citigroup reaffirmed a “market outperform” rating on shares of ServiceNow in a research note on Thursday, July 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a research note on Monday, August 3rd. Cantor Fitzgerald upped their price objective on ServiceNow from $141.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, September 21st. Finally, TD Cowen reissued a “buy” rating and issued a $140.00 target price on shares of ServiceNow in a research report on Monday, August 17th.

Insider Activity

In related news, insider Paul Fipps sold 2,034 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $147.87, for a total transaction of $300,767.58. Following the completion of the transaction, the insider owned 18,305 shares in the company, valued at approximately $2,706,760.35. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jacqueline P. Canney sold 7,847 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the transaction, the insider directly owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,081 shares of company stock worth $1,937,904 over the last ninety days. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On ServiceNow

A number of large investors have recently modified their holdings of NOW. QRG Capital Management Inc. raised its holdings in ServiceNow by 6.8% during the second quarter. QRG Capital Management Inc. now owns 132,947 shares of the information technology services provider’s stock worth $13,199,000 after acquiring an additional 8,486 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in ServiceNow by 61.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 52,800 shares of the information technology services provider’s stock valued at $5,242,000 after purchasing an additional 20,173 shares during the last quarter. State Street Corp grew its stake in ServiceNow by 2.0% in the second quarter. State Street Corp now owns 49,038,218 shares of the information technology services provider’s stock valued at $4,868,514,000 after purchasing an additional 979,726 shares in the last quarter. National Pension Service grew its stake in ServiceNow by 5.8% in the second quarter. National Pension Service now owns 2,705,240 shares of the information technology services provider’s stock valued at $268,576,000 after purchasing an additional 147,467 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of ServiceNow by 45.9% during the 2nd quarter. WINTON GROUP Ltd now owns 132,411 shares of the information technology services provider’s stock worth $13,146,000 after purchasing an additional 41,653 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Down 3.2%

Shares of NYSE:NOW opened at $131.27 on Tuesday. The company has a 50 day moving average price of $127.12 and a two-hundred day moving average price of $110.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $135.73 billion, a PE ratio of 82.04, a PEG ratio of 2.49 and a beta of 0.97. ServiceNow has a 52 week low of $81.24 and a 52 week high of $192.97.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period last year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. Analysts forecast that ServiceNow will post 2.22 earnings per share for the current year.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: AI positioning remains a potential growth catalyst. Analysts continue to identify ServiceNow as an “AI winner,” while its faster growth and strong demand for AI-agent products support the long-term investment case. These Experts Say These 3 Software Stocks Are AI Winners
• Positive Sentiment: Reco partnership strengthens AI security capabilities. ServiceNow is integrating Reco’s AI-agent security controls into its platform, giving customers greater visibility, governance and continuous monitoring. The partnership could help ServiceNow address growing concerns about deploying autonomous AI agents. Reco Announces Partnership with ServiceNow to Extend AI Agent Security
• Neutral Sentiment: Investors are weighing growth against a premium valuation. Commentary comparing ServiceNow with Salesforce notes that ServiceNow is growing faster and has benefited from strong agentic bookings, but its substantially higher valuation leaves less room for execution setbacks. Salesforce Is Cheap. ServiceNow Is Growing Faster
• Negative Sentiment: Meta’s enterprise platform launch increased competitive concerns. Meta’s hiring of MongoDB’s former CEO to lead an enterprise platform, along with its AI push targeting Salesforce and ServiceNow, prompted investors to reprice incumbent software companies. The concern is that Meta’s scale and AI capabilities could intensify competition for enterprise workflow and agent-related spending. Meta Platform Takes Aim at Salesforce, ServiceNow With AI Push
• Negative Sentiment: Critical AI-platform vulnerabilities created an additional overhang. ServiceNow urged customers to immediately apply patches after disclosing flaws, including a severe SQL-injection vulnerability that could enable unauthorized access or data modification. Although the Reco partnership is a mitigation effort, the disclosures may raise concerns about security, trust and potential remediation costs. ServiceNow Urges Immediate Patching After Critical AI Platform Flaws

About ServiceNow

ServiceNow, Inc is a cloud-based enterprise software company that helps organizations digitize, automate and manage workflows. Its platform connects people, processes and systems across departments, enabling businesses to replace manual, disconnected activities with standardized digital workflows.

The company’s products and services support a range of functions, including information technology service management, IT operations management, customer service, human resources, risk and security operations, and software development.