Recent Research Analysts’ Ratings Changes for ServiceNow (NOW)

Several brokerages have updated their recommendations and price targets on shares of ServiceNow (NYSE: NOW) in the last few weeks:

• 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.
• 12/13/2024 – ServiceNow was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.
• 12/13/2024 – ServiceNow had its price target raised by analysts at Mizuho from $1,070.00 to $1,210.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – ServiceNow had its price target raised by analysts at Truist Financial Co. from $900.00 to $1,100.00. They now have a “hold” rating on the stock.
• 12/10/2024 – ServiceNow had its price target raised by analysts at TD Cowen from $1,025.00 to $1,300.00. They now have a “buy” rating on the stock.
• 12/5/2024 – ServiceNow had its price target raised by analysts at Wells Fargo & Company from $1,150.00 to $1,250.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – ServiceNow had its price target raised by analysts at Oppenheimer Holdings Inc. from $1,020.00 to $1,150.00. They now have an “outperform” rating on the stock.
• 12/2/2024 – ServiceNow had its price target raised by analysts at Jefferies Financial Group Inc. from $1,100.00 to $1,250.00. They now have a “buy” rating on the stock.

ServiceNow Price Performance

Shares of NYSE NOW opened at $1,140.70 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $234.98 billion, a PE ratio of 177.40, a P/E/G ratio of 5.11 and a beta of 0.99. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,165.98. The business’s fifty day moving average price is $1,077.07 and its two-hundred day moving average price is $945.28.

Insider Activity

In other news, Director Jeffrey A. Miller sold 2,879 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the completion of the sale, the director now owns 42,920 shares in the company, valued at $43,740,630.40. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction dated Tuesday, November 19th. The stock was 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 in the company, valued at approximately $2,588,953.65. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,731 shares of company stock valued at $21,016,751. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On ServiceNow

Large investors have recently made changes to their positions in the business. Polymer Capital Management HK LTD boosted its holdings in ServiceNow by 57.0% during the third quarter. Polymer Capital Management HK LTD now owns 2,701 shares of the information technology services provider’s stock worth $2,416,000 after buying an additional 981 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of ServiceNow during the 4th quarter worth $48,802,000. Avidian Wealth Enterprises LLC grew its holdings in shares of ServiceNow by 39.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 488 shares of the information technology services provider’s stock worth $436,000 after acquiring an additional 138 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of ServiceNow by 36.4% during the third quarter. Venturi Wealth Management LLC now owns 2,868 shares of the information technology services provider’s stock valued at $2,565,000 after purchasing an additional 765 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in shares of ServiceNow in the 4th quarter valued at $105,090,000. 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.