ServiceNow (NYSE:NOW) Price Target Raised to $155.00

ServiceNow (NYSE:NOW) had its price objective increased by Deutsche Bank Aktiengesellschaft from $135.00 to $155.00 in a research report released on Monday morning. They currently have a buy rating on the information technology services provider’s stock.

NOW has been the subject of several other research reports. Weiss Ratings upgraded shares of ServiceNow from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 20th. Jefferies Financial Group restated a “buy” rating and issued a $140.00 target price (up from $135.00) on shares of ServiceNow in a report on Thursday, July 23rd. TD Cowen reaffirmed a “buy” rating and set a $140.00 target price on shares of ServiceNow in a report on Monday, August 17th. Benchmark reiterated a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. Finally, Needham & Company LLC boosted their price objective on ServiceNow from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.00.

ServiceNow Trading Down 1.4%

ServiceNow stock opened at $138.81 on Monday. ServiceNow has a 12-month low of $81.24 and a 12-month high of $192.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $143.53 billion, a PE ratio of 86.81, a price-to-earnings-growth ratio of 2.52 and a beta of 0.97. The firm has a 50 day simple moving average of $125.26 and a 200-day simple moving average of $110.61.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results 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. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. As a group, equities research analysts expect that ServiceNow will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the transaction, the insider owned 18,305 shares of the company’s stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jacqueline Canney sold 7,847 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the sale, the insider directly owned 30,042 shares of the company’s stock, valued at $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ServiceNow

A number of hedge funds have recently modified their holdings of NOW. BlackRock Inc. acquired a new stake in ServiceNow during the second quarter valued at $9,536,615,000. State Street Corp raised its stake in shares of ServiceNow by 406.6% during the 4th 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. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $3,591,425,000 after buying an additional 18,854,775 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ServiceNow by 417.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,004,910 shares of the information technology services provider’s stock valued at $2,145,412,000 after buying an additional 11,295,806 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ServiceNow in the 4th quarter valued at approximately $2,020,992,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Deutsche Bank raised its price target for ServiceNow from $135 to $155 and upgraded the stock to “buy,” implying roughly 10% potential upside from the referenced price. The upgrade provides a direct catalyst and signals increased confidence in ServiceNow’s growth outlook. Tickerreport.com analyst upgrade
• Positive Sentiment: Enterprise software stocks rallied even as broader technology shares weakened. ServiceNow benefited from sector-wide strength, with investors showing continued interest in software companies positioned to benefit from cloud adoption and artificial intelligence. Enterprise software stocks rally
• Positive Sentiment: ServiceNow and partner INRY announced a six-week deployment of EmployeeWorks. The implementation replaces a legacy employee portal with an AI-powered “front door to work,” offering a tangible example of product adoption and supporting the company’s strategy of expanding AI capabilities across enterprise workflows. INRY deploys ServiceNow EmployeeWorks
• Positive Sentiment: Recent commentary points to strong AI-related demand, partnerships and cross-selling. ServiceNow’s expanded ecosystem and collaborations with major technology companies are viewed as supporting subscription growth; reports also cite management’s higher 2026 subscription-revenue midpoint. AI alliances and raised targets
• Neutral Sentiment: Analyst coverage remains favorable, but investors should weigh ServiceNow’s faster growth and competitive positioning against Salesforce’s lower valuation and established cash generation. The comparison highlights valuation risk despite the bullish growth narrative. Salesforce versus ServiceNow comparison

About ServiceNow

ServiceNow, Inc is a cloud-based enterprise software company that provides digital workflow and automation solutions. Its Now Platform enables organizations to manage and connect business processes across information technology, customer service, human resources, finance, legal operations and other departments.

The company’s products and services include IT service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance management, strategic portfolio management and application development tools.