ServiceNow, Inc. (NYSE:NOW) Receives $192.06 Average Price Target from Analysts

ServiceNow, Inc. (NYSE:NOW) has been assigned a consensus recommendation of “Moderate Buy” from the forty-two analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, thirty-one have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $192.0649.

NOW has been the subject of several research reports. Argus raised shares of ServiceNow to a “strong-buy” rating in a research note on Wednesday, February 4th. Canaccord Genuity Group set a $200.00 target price on shares of ServiceNow in a research note on Thursday, January 29th. TD Cowen lowered their price target on shares of ServiceNow from $200.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Arete Research set a $200.00 price target on ServiceNow in a research note on Tuesday, January 6th. Finally, Robert W. Baird set a $175.00 price objective on ServiceNow in a report on Thursday, January 29th.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the transaction, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total value of $1,021,271.13. Following the sale, the insider directly owned 11,757 shares in the company, valued at $1,245,419.01. The trade was a 45.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 16,237 shares of company stock worth $1,697,162. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ServiceNow

Several hedge funds have recently added to or reduced their stakes in NOW. Brady Martz Wealth Solutions LLC raised its stake in shares of ServiceNow by 1.3% during the third quarter. Brady Martz Wealth Solutions LLC now owns 842 shares of the information technology services provider’s stock valued at $775,000 after acquiring an additional 11 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of ServiceNow by 1.9% in the third quarter. Magnus Financial Group LLC now owns 589 shares of the information technology services provider’s stock worth $542,000 after purchasing an additional 11 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in ServiceNow by 2.5% in the third quarter. Avidian Wealth Enterprises LLC now owns 453 shares of the information technology services provider’s stock valued at $417,000 after purchasing an additional 11 shares during the period. Traveka Wealth LLC raised its position in ServiceNow by 3.8% during the 3rd quarter. Traveka Wealth LLC now owns 330 shares of the information technology services provider’s stock worth $304,000 after purchasing an additional 12 shares during the last quarter. Finally, Regatta Capital Group LLC raised its position in ServiceNow by 1.9% during the 3rd quarter. Regatta Capital Group LLC now owns 633 shares of the information technology services provider’s stock worth $583,000 after purchasing an additional 12 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Down 4.5%

Shares of NYSE NOW opened at $116.42 on Friday. The company has a market cap of $121.77 billion, a price-to-earnings ratio of 69.79, a PEG ratio of 2.06 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. ServiceNow has a 12 month low of $98.00 and a 12 month high of $211.48. The stock has a 50-day moving average price of $121.48 and a two-hundred day moving average price of $156.38.

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

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Cohesity partnership strengthens ServiceNow’s position for enterprise AI agents by adding real-time recovery and resilience for autonomous agents — makes deployments more enterprise-ready and reduces operational risk for customers. Read More.
• Positive Sentiment: ServiceNow expands healthcare footprint with Aiva voice-AI integration to drive bedside, clinician and operational workflows — a practical, revenue-accretive use case that can accelerate enterprise adoption in hospitals. Read More.
• Positive Sentiment: Insider and institutional buying signaling conviction in ServiceNow’s AI strategy; reports note CEO purchases and “superinvestors” adding shares — supports medium-term fundamentals. Read More.
• Neutral Sentiment: Company continues to roll out AI products (Autonomous Workforce, EmployeeWorks) and partnerships globally; recognition in industry reports (Forrester) supports positioning but monetization timelines remain key. Read More.
• Negative Sentiment: Near-term pressure from analyst downgrades/price-target cuts and profit-taking: coverage notes a price-target cut prompting some selling and contributing to today’s decline. Read More.
• Negative Sentiment: Technicals and volume: stock is trading below recent moving averages (50-day ~$122, 200-day ~$157) with above-average volume — amplifies downside risk while the market digests guidance/estimates. Read More.

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.