TD Cowen Cuts ServiceNow (NYSE:NOW) Price Target to $140.00

ServiceNow (NYSE:NOW) had its price target lowered by equities researchers at TD Cowen from $185.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective indicates a potential upside of 48.77% from the company’s current price.

NOW has been the subject of a number of other reports. Macquarie Infrastructure lowered their target price on ServiceNow from $172.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Mizuho set a $150.00 price target on shares of ServiceNow and gave the company an “outperform” rating in a research note on Tuesday. Benchmark began coverage on shares of ServiceNow in a research note on Wednesday, April 1st. They issued a “buy” rating and a $125.00 price objective for the company. Argus upgraded shares of ServiceNow to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company dropped their price target on ServiceNow from $225.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.35.

ServiceNow Trading Up 7.2%

NOW stock opened at $94.11 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. ServiceNow has a 1-year low of $81.24 and a 1-year high of $211.48. The business has a 50 day simple moving average of $105.93 and a two-hundred day simple moving average of $141.78. The company has a market capitalization of $97.51 billion, a price-to-earnings ratio of 56.42, a PEG ratio of 1.47 and a beta of 1.01.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. Research analysts anticipate that ServiceNow will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other news, insider Paul Fipps sold 9,641 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider owned 11,757 shares of the company’s stock, valued at approximately $1,245,419.01. This represents a 45.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the business’s stock in a transaction on 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 owned 26,314 shares of the company’s stock, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,237 shares of company stock worth $1,697,162 over the last 90 days. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On ServiceNow

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of ServiceNow by 404.5% during the fourth quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider’s stock worth $15,619,771,000 after acquiring an additional 81,752,460 shares during the period. State Street Corp grew its stake in ServiceNow by 406.6% in the fourth quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock worth $7,337,280,000 after purchasing an additional 38,441,898 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in ServiceNow by 371.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock worth $4,962,692,000 after purchasing an additional 25,517,218 shares during the period. Geode Capital Management LLC increased its holdings in ServiceNow by 404.8% during the 4th quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock worth $3,591,425,000 after purchasing an additional 18,854,775 shares during the period. Finally, Morgan Stanley increased its stake in shares of ServiceNow by 335.6% during the fourth quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider’s stock valued at $3,482,543,000 after buying an additional 17,514,679 shares during the period. Institutional investors own 87.18% of the company’s stock.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Risk‑on market sentiment tied to easing geopolitical tensions lifted growth and software names, helping ServiceNow recover as investors rotate back into high‑margin, AI‑exposed enterprises. Why Is ServiceNow (NOW) Stock Rocketing Higher Today
• Positive Sentiment: High‑profile endorsement: Jim Cramer flagged ServiceNow as able to move higher, noting an expanded buyback and an insider (CEO) share purchase — signals that can boost investor confidence and short‑term buying. Jim Cramer on ServiceNow
• Positive Sentiment: Near‑term AI demand and international expansion could underpin revenue growth: analysts and reporters point to early signs of AI‑driven demand ahead of Q1 results and new data centers/expansion in Brazil positioning ServiceNow as an AI workflow hub in Latin America. ServiceNow Seen Delivering Modest Q1 Beat ServiceNow Expands AI Workflow Hub In Brazil
• Neutral Sentiment: Partner and ecosystem updates (TrustCloud integration, top partner recognitions, and favorable analyst ranking ahead of earnings) reinforce product momentum but are incremental vs. macro/analyst drivers. TrustCloud Integration Cadena Co. Named #1 Partner Mizuho Ranking
• Negative Sentiment: Analyst price‑target cuts and downgrades are weighing on sentiment: BMO trimmed its target to $120 and maintained an outperform rating, while Citi and other firms have also trimmed targets — adding downward pressure despite positive commentary. BMO Cuts Target to $120 Citi Cuts Target
• Negative Sentiment: Analyst downgrades have produced near‑term pullbacks — an article noted a recent 1.4% drop tied to analyst action — signaling that investor attention is focused on revisions to estimates and targets ahead of earnings. Stock Down 1.4% on Analyst Downgrade
• Negative Sentiment: Broader caution from outlets noting a steep YTD decline (reported ~43% YTD) and lowered targets from firms like Oppenheimer highlight longer‑term valuation concerns and increase sensitivity to any earnings miss. YTD Plunge and Oppenheimer Cut RBC Pessimistic Forecast

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.