ServiceNow (NYSE:NOW) Price Target Lowered to $140.00 at Macquarie

ServiceNow (NYSE:NOW) had its price objective decreased by Macquarie from $172.00 to $140.00 in a research note released on Thursday morning,Benzinga reports. Macquarie currently has a neutral rating on the information technology services provider’s stock.

Several other brokerages have also commented on NOW. Evercore ISI reissued an “outperform” rating and set a $175.00 price objective (down previously from $225.00) on shares of ServiceNow in a research report on Thursday. UBS Group set a $115.00 price target on ServiceNow in a research report on Thursday. Barclays upped their price target on ServiceNow from $242.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $180.00 price objective on ServiceNow and gave the company a “buy” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on ServiceNow in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.79.

ServiceNow Price Performance

Shares of NOW stock opened at $116.87 on Thursday. The firm has a market cap of $121.35 billion, a P/E ratio of 70.06, a P/E/G ratio of 2.23 and a beta of 0.98. The business’s 50 day moving average price is $150.71 and its 200-day moving average price is $171.41. ServiceNow has a fifty-two week low of $113.13 and a fifty-two week high of $211.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.06 and a current ratio of 1.06.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business 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 19.47%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. On average, equities research analysts anticipate that ServiceNow will post 8.93 earnings per share for the current year.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $161.60, for a total value of $242,400.00. Following the completion of the transaction, the director owned 47,930 shares of the company’s stock, valued at approximately $7,745,488. The trade was a 3.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Nicholas Tzitzon sold 2,610 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $165.42, for a total transaction of $431,735.76. Following the transaction, the insider owned 15,000 shares in the company, valued at $2,481,240. This represents a 14.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,310 shares of company stock valued at $2,533,585. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NOW. Quadcap Wealth Management LLC lifted its position in ServiceNow by 772.4% during the fourth quarter. Quadcap Wealth Management LLC now owns 4,955 shares of the information technology services provider’s stock valued at $759,000 after purchasing an additional 4,387 shares during the period. Comerica Bank lifted its holdings in shares of ServiceNow by 363.9% during the 4th quarter. Comerica Bank now owns 192,146 shares of the information technology services provider’s stock valued at $29,435,000 after buying an additional 150,729 shares during the period. Eagle Wealth Advisors LLC purchased a new position in shares of ServiceNow in the 4th quarter worth $538,000. Ashton Thomas Private Wealth LLC boosted its stake in shares of ServiceNow by 709.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 9,535 shares of the information technology services provider’s stock worth $1,461,000 after buying an additional 8,357 shares during the last quarter. Finally, West Bancorporation Inc. grew its holdings in shares of ServiceNow by 367.2% in the fourth quarter. West Bancorporation Inc. now owns 1,495 shares of the information technology services provider’s stock worth $229,000 after acquiring an additional 1,175 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Q4 results beat revenue and EPS estimates and management highlighted accelerating AI adoption (Now Assist usage, strong enterprise deals). NOW Q4 Earnings Beat Estimates
• Positive Sentiment: Board authorized an additional $5 billion repurchase program (including $2B accelerated), which should support EPS and offset dilution. Q4 Results & $5B Buyback
• Positive Sentiment: Expanded AI partnerships (Anthropic, OpenAI) and new large customer deployments (Fiserv, Panasonic) reinforce long‑term AI monetization potential. ServiceNow inks Anthropic deal
• Neutral Sentiment: Several firms reaffirm buy/overweight ratings (DA Davidson, Cantor Fitzgerald, BTIG, Needham, UBS) even as some adjust targets — showing conviction but varied views on valuation. Analyst coverage roundup
• Neutral Sentiment: Company reiterated a bullish 2026 outlook overall, but guidance contained nuances investors parsed closely (subscription revenue growth guidance mid-to-high teens vs. prior pace). Q4 release & guidance
• Negative Sentiment: Investors reacted to guidance that implies a modest deceleration in subscription growth (management guided ~19.5%–20.0% subscription growth for 2026), prompting concern about acceleration. ServiceNow guides to steeper slowdown
• Negative Sentiment: Wider market fear of AI disruption and a selloff in software names amplified the move; major headlines flagged a sectorwide slide and “bear market” language. US software stocks slide
• Negative Sentiment: Several analysts trimmed price targets (KeyCorp cut to $115/underweight, Macquarie cut to $140, others trimmed targets), adding downward pressure despite some buy ratings. Analyst target cuts

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.