ServiceNow (NOW) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of ServiceNow (NYSE: NOW) recently:

• 2/11/2025 – ServiceNow was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/4/2025 – ServiceNow had its price target lowered by analysts at Citigroup Inc. from $1,432.00 to $1,426.00. They now have a “buy” rating on the stock.
• 1/31/2025 – ServiceNow was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/30/2025 – ServiceNow had its price target raised by analysts at Oppenheimer Holdings Inc. from $1,150.00 to $1,200.00. They now have an “outperform” rating on the stock.
• 1/30/2025 – ServiceNow had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $1,210.00 price target on the stock.
• 1/30/2025 – ServiceNow had its price target lowered by analysts at Robert W. Baird from $1,250.00 to $1,200.00. They now have an “outperform” rating on the stock.
• 1/30/2025 – ServiceNow had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $1,300.00 price target on the stock.
• 1/30/2025 – ServiceNow had its price target lowered by analysts at Jefferies Financial Group Inc. from $1,300.00 to $1,250.00. They now have a “buy” rating on the stock.
• 1/30/2025 – ServiceNow had its price target raised by analysts at Canaccord Genuity Group Inc. from $1,200.00 to $1,275.00. They now have a “buy” rating on the stock.
• 1/30/2025 – ServiceNow had its price target raised by analysts at Needham & Company LLC from $1,150.00 to $1,200.00. They now have a “buy” rating on the stock.
• 1/29/2025 – ServiceNow had its price target raised by analysts at JPMorgan Chase & Co. from $950.00 to $1,250.00. They now have an “overweight” rating on the stock.
• 1/27/2025 – ServiceNow had its price target raised by analysts at Citigroup Inc. from $1,071.00 to $1,432.00. They now have a “buy” rating on the stock.
• 1/22/2025 – ServiceNow had its “sell” rating reaffirmed by analysts at Guggenheim. They now have a $716.00 price target on the stock.
• 1/21/2025 – ServiceNow had its price target raised by analysts at JMP Securities from $1,000.00 to $1,300.00. They now have a “market outperform” rating on the stock.
• 1/17/2025 – ServiceNow is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $1,332.00 price target on the stock.
• 1/16/2025 – ServiceNow was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating. They now have a $1,332.00 price target on the stock.
• 1/10/2025 – ServiceNow had its price target raised by analysts at The Goldman Sachs Group, Inc. from $1,050.00 to $1,200.00. They now have a “buy” rating on the stock.
• 1/6/2025 – ServiceNow had its price target raised by analysts at Piper Sandler from $1,000.00 to $1,200.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – ServiceNow had its price target raised by analysts at Royal Bank of Canada from $1,045.00 to $1,210.00. They now have an “outperform” rating on the stock.
• 12/24/2024 – ServiceNow is now covered by analysts at Raymond James. They set an “outperform” rating and a $1,200.00 price target on the stock.
• 12/20/2024 – ServiceNow had its price target raised by analysts at Canaccord Genuity Group Inc. from $1,000.00 to $1,200.00. They now have a “buy” rating on the stock.

ServiceNow Trading Down 0.4 %

NYSE:NOW opened at $985.67 on Tuesday. The company has a market capitalization of $203.05 billion, a PE ratio of 144.31, a price-to-earnings-growth ratio of 4.76 and a beta of 0.99. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,198.09. The stock has a fifty day simple moving average of $1,070.53 and a 200-day simple moving average of $973.32.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. On average, equities research analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Russell S. Elmer sold 2,511 shares of ServiceNow stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $1,012.09, for a total transaction of $2,541,357.99. Following the completion of the sale, the general counsel now owns 4,332 shares in the company, valued at approximately $4,384,373.88. This trade represents a 36.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 2,229 shares of ServiceNow stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total value of $2,372,993.40. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $11,710,600. This represents a 16.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,811 shares of company stock worth $11,159,073. 0.25% of the stock is owned by corporate insiders.

Institutional Trading of ServiceNow

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Polymer Capital Management HK LTD grew its holdings in shares of ServiceNow by 57.0% during the 3rd quarter. Polymer Capital Management HK LTD now owns 2,701 shares of the information technology services provider’s stock worth $2,416,000 after purchasing an additional 981 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of ServiceNow during the 4th quarter worth about $48,802,000. Dock Street Asset Management Inc. grew its holdings in shares of ServiceNow by 3.4% during the 4th quarter. Dock Street Asset Management Inc. now owns 33,154 shares of the information technology services provider’s stock worth $35,147,000 after purchasing an additional 1,105 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in shares of ServiceNow by 39.4% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 488 shares of the information technology services provider’s stock worth $436,000 after purchasing an additional 138 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of ServiceNow by 36.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,868 shares of the information technology services provider’s stock worth $2,565,000 after purchasing an additional 765 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

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.