ServiceNow (NYSE:NOW) Stock Keeps “Overweight” Rating at Piper Sandler

ServiceNow (NYSE:NOW)‘s stock had its “overweight” rating reiterated by Piper Sandler in a research note issued on Thursday, Benzinga reports. They currently have a $175.00 price objective on the information technology services provider’s stock. Piper Sandler‘s target price points to a potential upside of 17.02% from the stock’s current price.

Other research analysts have also issued reports about the stock. Robert W. Baird upped their target price on shares of ServiceNow from $118.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Needham & Company LLC raised their price target on ServiceNow from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Royal Bank Of Canada lifted their price target on ServiceNow from $130.00 to $176.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. Cantor Fitzgerald upped their price objective on ServiceNow from $174.00 to $201.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Truist Financial set a $150.00 price objective on ServiceNow in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $154.95.

ServiceNow Trading Down 3.4%

Shares of ServiceNow stock opened at $149.55 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. ServiceNow has a 1 year low of $81.24 and a 1 year high of $192.97. The firm has a market cap of $154.63 billion, a PE ratio of 93.47, a PEG ratio of 2.92 and a beta of 0.99. The company has a 50 day simple moving average of $139.55 and a two-hundred day simple moving average of $115.79.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.09 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. ServiceNow’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.82 EPS. Analysts expect that ServiceNow will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the sale, the insider directly owned 18,305 shares of the company’s stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jacqueline Canney sold 7,847 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the sale, the insider owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. The trade was a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,081 shares of company stock worth $1,937,904 in the last 90 days. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On ServiceNow

Institutional investors have recently bought and sold shares of the stock. Cornerstone Financial Management LLC lifted its stake in ServiceNow by 72.8% during the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 107 shares during the period. Marquette Asset Management LLC boosted its holdings in shares of ServiceNow by 75.0% during the 2nd quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 129 shares during the last quarter. Kilter Group LLC bought a new stake in shares of ServiceNow in the second quarter worth approximately $31,000. Solstein Capital LLC bought a new stake in shares of ServiceNow in the second quarter worth approximately $35,000. Finally, Main Street Group LTD purchased a new position in shares of ServiceNow during the first quarter valued at approximately $40,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported third-quarter revenue of $4.11 billion, up 20.5% year over year and ahead of the $4.09 billion analyst consensus. Subscription revenue increased 21% to $3.99 billion, supporting the company’s longer-term growth narrative. ServiceNow Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its artificial-intelligence outlook and pointed to an increase in large, multi-million-dollar AI transactions. ServiceNow also expanded its enterprise-AI partnership with OpenAI, potentially strengthening its position in governed AI workflows and automation. ServiceNow and OpenAI partnership
• Positive Sentiment: HPE selected ServiceNow for a five-year agreement to provide AI-powered support services for its Cloud & AI business. JPMorgan and other analysts maintained a constructive long-term view, citing recurring revenue growth and AI adoption potential. HPE selects ServiceNow
• Neutral Sentiment: ServiceNow launched a Control Tower Alliance with companies including Anthropic, AWS and Cisco to help enterprises adopt AI with governance and security. The initiative may improve future demand, but its financial contribution is not yet clear. ServiceNow Control Tower Alliance
• Negative Sentiment: Adjusted earnings of $1.00 per share missed the $1.02 consensus estimate, ending a six-quarter streak of earnings beats. Acquisition-related costs and continued AI investment appear to have weighed on profitability. ServiceNow Q3 earnings miss
• Negative Sentiment: Fourth-quarter revenue guidance reportedly fell below Wall Street expectations, raising concerns that AI-related demand may take longer to translate into subscription growth. The earnings miss and outlook overshadowed the raised AI targets, prompting the selloff. ServiceNow stock and JPMorgan outlook

ServiceNow Company Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.