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

ServiceNow, Inc. (NYSE:NOW) has received an average rating of “Moderate Buy” from the forty-two brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $147.00.

A number of equities research analysts have recently issued reports on NOW shares. Guggenheim upgraded ServiceNow from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Wednesday, July 1st. Robert W. Baird lifted their price target on ServiceNow from $118.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating and set a $140.00 price objective (up from $135.00) on shares of ServiceNow in a research report on Thursday, July 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $175.00 target price (up from $160.00) on shares of ServiceNow in a report on Wednesday, August 12th. Finally, Evercore reissued an “outperform” rating and issued a $160.00 price target on shares of ServiceNow in a research note on Thursday, July 23rd.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Deutsche Bank raised its price target to $155 from $135 and maintained a “buy” rating. The new target implies approximately 11% upside from the referenced price, providing fresh analyst support for ServiceNow. TickerReport analyst upgrade
• Positive Sentiment: ServiceNow is benefiting from demand for AI-driven workflow automation. The company is replacing legacy CRM and workflow tools with its AI platform, potentially expanding customer relationships and increasing adoption across enterprise functions. Zacks AI platform report
• Positive Sentiment: ServiceNow EmployeeWorks is gaining implementation traction. Partner INRY deployed the employee-facing AI platform in six weeks and is rolling it out to clients, offering evidence that the product can be adopted quickly and broaden ServiceNow’s workflow footprint. Yahoo Finance EmployeeWorks report
• Neutral Sentiment: ServiceNow continues to attract significant investor and analyst attention. Articles citing favorable brokerage recommendations may support sentiment, but the reports also caution that consensus ratings can be overly optimistic and should not replace analysis of valuation and execution. Yahoo Finance analyst recommendations report
• Neutral Sentiment: ServiceNow compares favorably with other technology stocks on profitability. Figma is growing faster, but ServiceNow generated nearly $4.6 billion in annual free cash flow, highlighting its financial strength and mature enterprise business model. Motley Fool Figma versus ServiceNow comparison
• Negative Sentiment: NOW underperformed the broader market in the latest session. The decline suggests investors may be taking profits or weighing ServiceNow’s relatively rich valuation, with the stock’s reported price-to-earnings ratio above 86 despite strong revenue growth. Zacks ServiceNow market performance report

Insider Activity

In related news, insider Jacqueline Canney sold 7,847 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the transaction, the insider directly owned 30,042 shares in the company, valued at approximately $4,145,796. This represents a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the completion of the transaction, the director owned 43,990 shares of the company’s stock, valued at $5,960,645. The trade was a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 14,081 shares of company stock valued at $1,937,904. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of ServiceNow

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in ServiceNow during the fourth quarter worth approximately $2,020,992,000. Moors & Cabot Inc. boosted its holdings in shares of ServiceNow by 387.7% in the 4th quarter. Moors & Cabot Inc. now owns 45,630 shares of the information technology services provider’s stock valued at $6,990,000 after buying an additional 36,274 shares in the last quarter. Bank of Nova Scotia grew its position in shares of ServiceNow by 53.3% in the 1st quarter. Bank of Nova Scotia now owns 1,018,036 shares of the information technology services provider’s stock valued at $106,436,000 after buying an additional 353,749 shares during the last quarter. Huntington National Bank grew its position in shares of ServiceNow by 397.1% in the 4th quarter. Huntington National Bank now owns 544,257 shares of the information technology services provider’s stock valued at $83,375,000 after buying an additional 434,761 shares during the last quarter. Finally, Sapient Capital LLC raised its stake in ServiceNow by 266.0% during the 2nd quarter. Sapient Capital LLC now owns 77,661 shares of the information technology services provider’s stock worth $7,710,000 after acquiring an additional 56,444 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Stock Performance

NOW opened at $137.96 on Tuesday. ServiceNow has a twelve month low of $81.24 and a twelve month high of $192.97. The firm has a market capitalization of $142.65 billion, a PE ratio of 86.22, a PEG ratio of 2.52 and a beta of 0.97. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $125.94 and its 200 day moving average price is $110.70.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. ServiceNow’s quarterly revenue was up 24.0% on a year-over-year basis. As a group, sell-side analysts expect that ServiceNow will post 2.22 EPS for the current fiscal year.

ServiceNow Company Profile

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.