ServiceNow (NYSE:NOW) Trading Up 1% Following Analyst Upgrade

ServiceNow, Inc. (NYSE:NOW)’s stock price shot up 1% during mid-day trading on Thursday after Truist Financial raised their price target on the stock from $120.00 to $130.00. Truist Financial currently has a buy rating on the stock. ServiceNow traded as high as $109.25 and last traded at $108.8840. Approximately 14,120,259 shares were traded during trading, a decline of 41% from the average daily volume of 23,915,439 shares. The stock had previously closed at $107.78.

Several other brokerages also recently weighed in on NOW. Citic Securities lowered their price target on shares of ServiceNow from $168.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. The Goldman Sachs Group restated a “buy” rating and set a $145.00 price objective (down from $163.00) on shares of ServiceNow in a research report on Wednesday. Wolfe Research set a $125.00 target price on shares of ServiceNow in a research note on Thursday, April 23rd. Morgan Stanley cut their price target on ServiceNow from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $135.00 price target (down from $175.00) on shares of ServiceNow in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.47.

Insider Activity at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $87.23, for a total value of $130,845.00. Following the sale, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anita M. Sands sold 16,445 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the completion of the sale, the director owned 30,090 shares in the company, valued at approximately $2,712,312.60. The trade was a 35.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,071 shares of company stock worth $2,529,956 over the last ninety days. 0.34% of the stock is owned by corporate insiders.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Truist Financial raised its price target on ServiceNow to $130 from $120 and kept a buy rating, reinforcing the bullish analyst view on the stock. ServiceNow price target raised by Truist Financial
• Positive Sentiment: Multiple articles highlight improving sentiment around ServiceNow’s AI-driven software story, including discussion of agentic AI momentum and a friendlier analyst tone. ServiceNow Stock Consolidates as Accenture Launches Agentic AI Offerings
• Positive Sentiment: ServiceNow is also benefiting from a broader rotation back into beaten-down software stocks, which has helped lift shares recently. ServiceNow (NOW) Stock Is Up, What You Need To Know
• Neutral Sentiment: Commentary pieces suggest investors are still debating ServiceNow’s valuation and long-term AI impact, so the stock may continue to trade on sentiment rather than fresh fundamentals. Why ServiceNow Is My H2 2026 Top Pick
• Negative Sentiment: Some investors remain concerned about ServiceNow’s future growth outlook, with one recent article noting the market is worried about the company’s prospects. Why ServiceNow Stock Plunged 36% in the First Half of the Year

Institutional Investors Weigh In On ServiceNow

A number of hedge funds have recently made changes to their positions in the company. Noble Wealth Management PBC increased its position in ServiceNow by 400.0% in the fourth quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 128 shares during the last quarter. Millstone Evans Group LLC lifted its position in ServiceNow by 400.0% during the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of ServiceNow by 540.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after buying an additional 135 shares in the last quarter. Blueline Advisors LLC purchased a new position in shares of ServiceNow in the 4th quarter worth $25,000. Finally, Measured Wealth Private Client Group LLC increased its holdings in shares of ServiceNow by 560.0% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after buying an additional 140 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $101.74 and its 200-day moving average price is $111.62. The stock has a market capitalization of $112.26 billion, a PE ratio of 64.89, a PEG ratio of 1.84 and a beta of 0.96.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $0.81 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts forecast that ServiceNow, Inc. will post 2.34 EPS for the current fiscal 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.