ServiceNow (NOW) – Investment Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for ServiceNow (NYSE: NOW):

• 11/25/2024 – ServiceNow had its price target raised by analysts at Needham & Company LLC from $1,075.00 to $1,150.00. They now have a “buy” rating on the stock.
• 11/19/2024 – ServiceNow is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $1,230.00 price target on the stock.
• 11/19/2024 – ServiceNow had its price target raised by analysts at Mizuho from $980.00 to $1,070.00. They now have an “outperform” rating on the stock.
• 11/18/2024 – ServiceNow was upgraded by analysts at Scotiabank to a “strong-buy” rating.
• 11/12/2024 – ServiceNow had its price target raised by analysts at Wells Fargo & Company from $1,050.00 to $1,150.00. They now have an “overweight” rating on the stock.
• 11/12/2024 – ServiceNow was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/25/2024 – ServiceNow had its price target raised by analysts at Citigroup Inc. from $1,068.00 to $1,071.00. They now have a “buy” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at KeyCorp from $1,020.00 to $1,040.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Wells Fargo & Company from $1,025.00 to $1,050.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Piper Sandler from $850.00 to $1,000.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at JPMorgan Chase & Co. from $820.00 to $950.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Barclays PLC from $980.00 to $1,000.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Sanford C. Bernstein from $906.00 to $913.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Royal Bank of Canada from $985.00 to $1,045.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Evercore ISI from $950.00 to $1,000.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Robert W. Baird from $900.00 to $975.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Stifel Nicolaus from $900.00 to $990.00. They now have a “buy” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Needham & Company LLC from $900.00 to $1,075.00. They now have a “buy” rating on the stock.
• 10/24/2024 – ServiceNow had its price target raised by analysts at Canaccord Genuity Group Inc. from $850.00 to $1,000.00. They now have a “buy” rating on the stock.
• 10/23/2024 – ServiceNow had its price target raised by analysts at Truist Financial Co. from $780.00 to $900.00. They now have a “hold” rating on the stock.
• 10/21/2024 – ServiceNow was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $960.00 price target on the stock, up previously from $900.00.
• 10/21/2024 – ServiceNow had its price target raised by analysts at TD Cowen from $900.00 to $1,000.00. They now have a “buy” rating on the stock.
• 10/17/2024 – ServiceNow had its price target raised by analysts at Oppenheimer Holdings Inc. from $825.00 to $1,020.00. They now have an “outperform” rating on the stock.
• 10/17/2024 – ServiceNow had its price target raised by analysts at Mizuho from $850.00 to $980.00. They now have an “outperform” rating on the stock.
• 10/17/2024 – ServiceNow had its price target raised by analysts at JMP Securities from $850.00 to $1,000.00. They now have a “market outperform” rating on the stock.
• 10/17/2024 – ServiceNow had its price target raised by analysts at Citigroup Inc. from $915.00 to $1,068.00. They now have a “buy” rating on the stock.
• 10/16/2024 – ServiceNow had its price target raised by analysts at Jefferies Financial Group Inc. from $900.00 to $1,100.00. They now have a “buy” rating on the stock.
• 10/11/2024 – ServiceNow had its price target raised by analysts at Barclays PLC from $890.00 to $980.00. They now have an “overweight” rating on the stock.
• 10/10/2024 – ServiceNow had its price target raised by analysts at BMO Capital Markets from $860.00 to $1,025.00. They now have an “outperform” rating on the stock.
• 10/9/2024 – ServiceNow had its price target raised by analysts at Evercore ISI from $850.00 to $950.00. They now have an “outperform” rating on the stock.
• 10/8/2024 – ServiceNow had its price target raised by analysts at UBS Group AG from $900.00 to $1,055.00. They now have a “buy” rating on the stock.
• 10/7/2024 – ServiceNow had its price target raised by analysts at Wells Fargo & Company from $935.00 to $1,025.00. They now have an “overweight” rating on the stock.

ServiceNow Stock Up 1.6 %

Shares of NYSE NOW opened at $1,070.07 on Wednesday. The company has a market cap of $220.43 billion, a price-to-earnings ratio of 166.42, a PEG ratio of 6.04 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $955.40 and its 200 day moving average is $841.01. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,072.84.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The business’s revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts expect that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 66 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the completion of the transaction, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,173,173.83. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Mcdermott sold 12,271 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.57. Following the transaction, the chief executive officer now directly owns 2,595 shares of the company’s stock, valued at approximately $2,588,953.65. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,787 shares of company stock worth $17,841,028. Company insiders own 0.25% of the company’s stock.

Institutional Trading of ServiceNow

Institutional investors and hedge funds have recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new stake in shares of ServiceNow during the first quarter valued at $25,000. Versant Capital Management Inc lifted its stake in ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 39 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of ServiceNow in the third quarter worth approximately $30,000. Finally, Ridgewood Investments LLC purchased a new position in shares of ServiceNow during the second quarter valued at approximately $32,000. 87.18% of the stock is currently owned by institutional investors.

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.