ServiceNow, Inc. (NYSE:NOW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ServiceNow, Inc. (NYSE:NOW) have been given a consensus rating of “Moderate Buy” by the forty-four analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $193.0108.

A number of research analysts recently issued reports on NOW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ServiceNow in a research note on Thursday, January 22nd. JPMorgan Chase & Co. raised their price target on ServiceNow from $204.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price objective on shares of ServiceNow in a research note on Thursday, January 29th. Canaccord Genuity Group set a $200.00 target price on ServiceNow in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada dropped their price target on ServiceNow from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company announced a sizable buyback program and an accelerated share repurchase (ASR) that signals management confidence and will immediately reduce float; that boost in capital-return activity supports upside if fundamentals hold.
• Positive Sentiment: Analyst upgrade: Argus moved NOW to a “strong‑buy,” adding buy-side momentum and validating the stock as an attractive entry for some investors. Zacks/Argus Upgrade
• Positive Sentiment: Needham reaffirmed its Buy rating with a $155 price target (material upside from current levels), reinforcing sell-off buyers who view weakness as a buying opportunity. TipRanks / Needham Note
• Positive Sentiment: ServiceNow deepened its AI platform strategy via a partnership with Anthropic, which supports the company’s product roadmap and helps counter narratives that new AI entrants will quickly displace incumbents. Forbes: Anthropic Partnership
• Neutral Sentiment: BetterInvesting published commentary questioning fair value after recent moves — a reminder that valuation debates persist even as management acts to support the share price. PR Newswire: BetterInvesting Update
• Negative Sentiment: Sectorwide AI fears and a broader software selloff pushed NOW (and peers) sharply lower — ServiceNow dropped nearly 8% on one session as investors punished software names over disruption concerns. This macro/sector pressure is the primary driver of today’s decline. Fool: Why NOW Tumbled CNBC: AI Fears Hammer Software
• Negative Sentiment: Broader “SaaSpocalypse” narratives and articles highlighting deep drawdowns in cloud/software names amplify investor caution; even with solid fundamentals, sentiment-driven selling can prolong weakness. 247WallSt: SaaSpocalypse

Insider Buying and Selling at ServiceNow

In related news, Vice Chairman Nicholas Tzitzon sold 2,610 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $165.42, for a total transaction of $431,735.76. Following the completion of the transaction, the insider directly owned 15,000 shares in the company, valued at $2,481,240. This represents a 14.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Fipps sold 1,525 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $163.51, for a total transaction of $249,352.75. Following the completion of the sale, the insider directly owned 2,705 shares of the company’s stock, valued at approximately $442,294.55. This trade represents a 36.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,310 shares of company stock valued at $2,533,585 in the last three months. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On ServiceNow

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kilter Group LLC acquired a new stake in shares of ServiceNow during the 2nd quarter worth approximately $25,000. IAG Wealth Partners LLC raised its stake in shares of ServiceNow by 200.0% in the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. Total Investment Management Inc. bought a new position in ServiceNow in the second quarter worth $31,000. LGT Financial Advisors LLC acquired a new stake in ServiceNow during the second quarter worth $32,000. Finally, Bogart Wealth LLC increased its holdings in ServiceNow by 93.8% in the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 15 shares during the period. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Stock Down 1.8%

Shares of NOW stock opened at $100.78 on Monday. The stock’s 50 day simple moving average is $144.39 and its 200 day simple moving average is $167.63. ServiceNow has a twelve month low of $98.94 and a twelve month high of $211.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $105.42 billion, a price-to-earnings ratio of 60.42, a PEG ratio of 1.71 and a beta of 0.98.

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

About ServiceNow

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.