ServiceNow (NYSE:NOW) Given “Buy” Rating at BTIG Research

ServiceNow (NYSE:NOW)‘s stock had its “buy” rating reissued by BTIG Research in a research note issued on Monday,Benzinga reports. They currently have a $150.00 price target on the information technology services provider’s stock. BTIG Research’s price target would suggest a potential upside of 64.41% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Capital One Financial dropped their target price on shares of ServiceNow from $158.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Wolfe Research set a $125.00 target price on shares of ServiceNow in a report on Thursday, April 23rd. Royal Bank Of Canada dropped their price objective on shares of ServiceNow from $150.00 to $121.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Needham & Company LLC dropped their price objective on shares of ServiceNow from $155.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Arete Research set a $200.00 price objective on shares of ServiceNow in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.87.

ServiceNow Stock Performance

Shares of NOW opened at $91.23 on Monday. The company has a market capitalization of $94.06 billion, a PE ratio of 54.37, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. ServiceNow has a one year low of $81.24 and a one year high of $211.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The company’s fifty day moving average price is $103.45 and its 200 day moving average price is $134.58.

ServiceNow (NYSE:NOW) last announced its 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. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. As a group, analysts expect that ServiceNow will post 2.35 earnings per share for the current year.

Insider Activity at ServiceNow

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total transaction of $147,994.00. Following the sale, the insider directly owned 26,314 shares in the company, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the sale, the director owned 46,430 shares in the company, valued at approximately $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 25,164 shares of company stock worth $2,497,021. 0.34% of the stock is owned by company insiders.

Institutional Trading of ServiceNow

Several institutional investors have recently made changes to their positions in NOW. Vanguard Group Inc. boosted its position in ServiceNow by 404.5% in the fourth quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider’s stock valued at $15,619,771,000 after buying an additional 81,752,460 shares in the last quarter. State Street Corp boosted its position in ServiceNow by 406.6% in the fourth quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock valued at $7,337,280,000 after buying an additional 38,441,898 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in ServiceNow by 371.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock valued at $4,962,692,000 after buying an additional 25,517,218 shares in the last quarter. Geode Capital Management LLC boosted its position in ServiceNow by 404.8% in the fourth quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock valued at $3,591,425,000 after buying an additional 18,854,775 shares in the last quarter. Finally, Morgan Stanley boosted its position in ServiceNow by 335.6% in the fourth quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider’s stock valued at $3,482,543,000 after buying an additional 17,514,679 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Sector-wide earnings strength is lifting software names, creating a tailwind for ServiceNow as investors rotate back into enterprise software on upbeat results from peers like Oracle. Oracle (ORCL) Stock Trades Up, Here Is Why
• Positive Sentiment: ServiceNow announced it’s embedding AI across its product suite via a new Context Engine, signaling tighter product-level AI integration that can support upsells and stickier subscriptions. ServiceNow embeds AI across all products with Context Engine
• Positive Sentiment: Company fundamentals: Q1 revenue of ~$3.77B and EPS roughly flat with expectations, plus a raised full?year subscription revenue outlook and deeper Google Cloud partnership — all supportive of the investment case for long-term growth. Is ServiceNow’s Strong Q1, AI Push, and Google Cloud Tie-Up Altering The Investment Case For ServiceNow (NOW)?
• Positive Sentiment: Analyst/market narratives are turning bullish in places — some commentators argue ServiceNow’s AI strategy could let it avoid a broad “AI SaaS” disruption and make the stock attractive after its large pullback. ServiceNow Just Figured Out a Way to Beat the AI “SaaS-Pocalypse”
• Neutral Sentiment: Broad software rally (Datadog, Zoom, Braze, others) is creating market-wide momentum; this helps ServiceNow but is not a company-specific catalyst. Datadog and Zoom Shares Skyrocket, What You Need To Know
• Negative Sentiment: Investors remain wary after a steep ~60%+ drawdown and a 16% drop in April tied to margin compression and concerns that new generative-AI entrants (e.g., Anthropic’s Mythos) could disrupt SaaS pricing and margins. That lingering skepticism can cap rallies. Why ServiceNow Stock Fell 16% in April

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.