Citic Securities Lowers ServiceNow (NYSE:NOW) Price Target to $140.00

ServiceNow (NYSE:NOW) had its price target decreased by research analysts at Citic Securities from $168.00 to $140.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Citic Securities’ target price indicates a potential upside of 39.80% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Mizuho decreased their price objective on ServiceNow from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Oppenheimer set a $130.00 target price on ServiceNow and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Wall Street Zen lowered ServiceNow from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Bank of America started coverage on ServiceNow in a report on Monday. They issued a “buy” rating and a $130.00 price target for the company. Finally, Stifel Nicolaus dropped their price objective on shares of ServiceNow from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.85.

ServiceNow Price Performance

Shares of ServiceNow stock traded down $3.16 on Thursday, hitting $100.14. The company’s stock had a trading volume of 6,467,240 shares, compared to its average volume of 22,201,150. The company has a market capitalization of $103.25 billion, a P/E ratio of 59.63, a price-to-earnings-growth ratio of 1.85 and a beta of 0.82. ServiceNow has a 52-week low of $81.24 and a 52-week high of $211.48. The firm has a fifty day moving average price of $99.35 and a 200-day moving average price of $126.89. 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) last posted its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting 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 return on equity of 18.16% and a net margin of 12.59%.ServiceNow’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. On average, equities research analysts expect that ServiceNow will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 3,696 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.77, for a total transaction of $376,141.92. Following the transaction, the insider owned 8,061 shares in the company, valued at $820,367.97. The trade was a 31.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 8,927 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $89.60, for a total value of $799,859.20. Following the completion of the sale, the insider owned 29,531 shares of the company’s stock, valued at approximately $2,645,977.60. This trade represents a 23.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 31,767 shares of company stock valued at $2,906,098. 0.34% of the stock is owned by company insiders.

Institutional Trading of ServiceNow

Large investors have recently modified their holdings of the business. Avidian Wealth Enterprises LLC increased its holdings in ServiceNow by 2.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 453 shares of the information technology services provider’s stock worth $417,000 after purchasing an additional 11 shares during the last quarter. Meridian Wealth Advisors LLC boosted its stake in shares of ServiceNow by 2.2% during the 3rd quarter. Meridian Wealth Advisors LLC now owns 552 shares of the information technology services provider’s stock valued at $508,000 after buying an additional 12 shares during the last quarter. Valley Brook Capital Group Inc. grew its position in shares of ServiceNow by 2.1% during the third quarter. Valley Brook Capital Group Inc. now owns 634 shares of the information technology services provider’s stock worth $583,000 after buying an additional 13 shares in the last quarter. Catalyst Financial Partners LLC grew its position in shares of ServiceNow by 1.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,270 shares of the information technology services provider’s stock worth $1,169,000 after buying an additional 13 shares in the last quarter. Finally, JT Stratford LLC increased its stake in shares of ServiceNow by 3.5% in the third quarter. JT Stratford LLC now owns 385 shares of the information technology services provider’s stock worth $354,000 after buying an additional 13 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Wall Street sentiment has turned more constructive, with Bank of America restarting coverage at Buy and setting a $130 price target, helping fuel a rebound in the shares. ServiceNow in focus as BofA restarts coverage with Buy rating
• Positive Sentiment: Several articles frame ServiceNow as a potential beneficiary of agentic AI, arguing that its workflow platform could become a control center for enterprise AI rather than a victim of AI disruption. Wall Street Is Warming Up to ServiceNow Stock. That’s Because It’s Now a Bet on Agentic AI.
• Positive Sentiment: A new bullish thesis highlights ServiceNow’s attractive valuation relative to growth, citing 20%+ subscription growth, 35%+ free cash flow margins, and expanding adoption of Now Assist and AI tools. NOW: Why A 20% Grower At 19x ’27 EPS Doesn’t Stay There
• Positive Sentiment: Brokerage coverage and market commentary continue to describe the stock as a moderate buy, with analysts generally expecting further upside despite prior underperformance. ServiceNow, Inc. Receives Consensus Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Some pieces simply revisit the stock’s sharp decline over the past year and ask whether the pullback makes the name attractive again; these are valuation-focused rather than clear catalysts. After a 50% Drop, Is ServiceNow Stock Worth Buying?
• Negative Sentiment: One notable bearish voice, Jim Cramer, warned that buying ServiceNow may be overdone, which could temper enthusiasm if investors worry the recent rally has gone too far. Did Jim Cramer Call The Top On ServiceNow Stock?

About ServiceNow

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.