ServiceNow’s (NOW) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of ServiceNow (NYSE:NOW) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $140.00 target price on the information technology services provider’s stock.

NOW has been the subject of several other reports. Evercore lifted their target price on ServiceNow from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. BMO Capital Markets raised their price target on shares of ServiceNow from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America started coverage on shares of ServiceNow in a report on Monday, May 18th. They set a “buy” rating and a $130.00 price objective for the company. Morgan Stanley set a $180.00 price objective on shares of ServiceNow in a research report on Tuesday. Finally, Wolfe Research set a $125.00 target price on shares of ServiceNow in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.39.

ServiceNow Trading Up 7.4%

Shares of NYSE NOW opened at $98.77 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.70. The business’s 50 day moving average price is $104.77 and its 200-day moving average price is $107.70. ServiceNow has a fifty-two week low of $81.24 and a fifty-two week high of $201.15. The company has a market cap of $101.83 billion, a price-to-earnings ratio of 61.73, a PEG ratio of 1.65 and a beta of 0.96.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.ServiceNow’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. On average, sell-side analysts expect that ServiceNow will post 2.33 earnings per share for the current year.

Insider Transactions at ServiceNow

In other news, Director Anita M. Sands sold 16,445 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the transaction, the director owned 30,090 shares in the company, valued at approximately $2,712,312.60. This trade represents a 35.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the sale, the director owned 44,930 shares of the company’s stock, valued at $3,919,243.90. The trade was a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 19,144 shares of company stock valued at $1,730,097. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ServiceNow

Several large investors have recently modified their holdings of NOW. Wealth Watch Advisors INC bought a new position in shares of ServiceNow during the third quarter valued at approximately $29,000. Kelleher Financial Advisors bought a new position in ServiceNow in the third quarter worth approximately $50,000. Pin Oak Investment Advisors Inc. raised its stake in ServiceNow by 20.7% in the third quarter. Pin Oak Investment Advisors Inc. now owns 134 shares of the information technology services provider’s stock worth $123,000 after buying an additional 23 shares in the last quarter. Jupiter Wealth Management LLC bought a new position in ServiceNow in the second quarter worth approximately $154,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after buying an additional 135 shares during the period. 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’s Q2 results showed robust growth, with revenue up about 24% year over year and subscription revenue accelerating, reinforcing that demand for its platform remains strong. Article Title
• Positive Sentiment: Management raised guidance and highlighted AI momentum, including AI contract value topping $1 billion and expanding enterprise adoption, which supports the case for continued growth. Article Title
• Positive Sentiment: Several analysts raised or reaffirmed bullish ratings and price targets after earnings, reflecting renewed confidence in ServiceNow’s outlook and valuation upside. Article Title
• Positive Sentiment: New partnerships and channel expansions, including deals with Experian, TeamViewer, and Exclusive Networks, suggest broader adoption of ServiceNow’s AI and cybersecurity offerings. Article Title
• Neutral Sentiment: Investors are also watching mixed signals from insider and institutional trading, with some large funds trimming positions even as others add shares; this appears more like portfolio rebalancing than a clear fundamental warning. Article Title
• Negative Sentiment: Despite the earnings beat, some commentary says the stock’s rally may be vulnerable if AI disruption fears return, especially around usage-based pricing and long-term software demand. Article Title

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.