ServiceNow (NYSE:NOW) Given “Market Outperform” Rating at Citizens Jmp

ServiceNow (NYSE:NOW)‘s stock had its “market outperform” rating restated by research analysts at Citizens Jmp in a research note issued on Tuesday,Benzinga reports. They presently have a $157.00 price target on the information technology services provider’s stock. Citizens Jmp’s price target would indicate a potential upside of 70.80% from the stock’s current price.

NOW has been the topic of several other research reports. BMO Capital Markets lowered their price objective on ServiceNow from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Evercore lowered their price objective on ServiceNow from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen lowered ServiceNow from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings lowered ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. Finally, Piper Sandler lowered their price objective on ServiceNow from $200.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.92.

ServiceNow Price Performance

Shares of NYSE NOW opened at $91.92 on Tuesday. The business’s 50 day moving average price is $103.45 and its 200 day moving average price is $134.58. The firm has a market cap of $94.77 billion, a P/E ratio of 54.78, a P/E/G ratio of 1.61 and a beta of 0.82. ServiceNow has a 52 week low of $81.24 and a 52 week high of $211.48. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

ServiceNow (NYSE:NOW) last released its quarterly earnings data 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 business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts expect that ServiceNow will post 2.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the transaction, the insider directly owned 26,314 shares of the company’s stock, valued at $2,781,652.94. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 8,927 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $89.60, for a total value of $799,859.20. Following the transaction, the insider directly owned 29,531 shares of the company’s stock, valued at approximately $2,645,977.60. The trade was a 23.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 25,164 shares of company stock valued at $2,497,021. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in ServiceNow by 404.5% in the 4th 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 purchasing an additional 81,752,460 shares during the last quarter. State Street Corp raised its stake in ServiceNow by 406.6% in the 4th 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 purchasing an additional 38,441,898 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in ServiceNow by 371.0% in the 4th 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 purchasing an additional 25,517,218 shares during the last quarter. Geode Capital Management LLC raised its stake in ServiceNow by 404.8% in the 4th 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 purchasing an additional 18,854,775 shares during the last quarter. Finally, Morgan Stanley raised its stake in ServiceNow by 335.6% in the 4th quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider’s stock valued at $3,482,543,000 after purchasing an additional 17,514,679 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Management unveiled long?term growth targets and product traction: ServiceNow laid out a plan to roughly double subscription revenue to about $30B by 2030 and said its Now Assist product surpassed $750M in annual contract value — a concrete sign AI-driven offerings are already monetizing. ServiceNow lays out path to $30 billion
• Positive Sentiment: Company projects very large TAM expansion: ServiceNow told investors it expects revenue could roughly double to ~$32B by 2030, reinforcing the long?range growth story and investor thesis for durable SaaS revenue expansion. ServiceNow Expects Revenue Will Double
• Positive Sentiment: Enterprise AI partnerships and customer wins highlighted: A new multi?year DXC agreement (DXC as an early adopter) and other partnership momentum were cited ahead of Analyst Day, supporting expectations for scaled AI deployments in core workflows. QuiverQuant coverage of DXC deal
• Positive Sentiment: Analyst support: BTIG reiterated a Buy rating with a $150 price target, signaling confidence from at least some sell?side analysts and offering potential upside to consensus targets. BTIG Buy rating
• Neutral Sentiment: Investor day themes expected: BNP and other outlets expect the company to emphasize AI product innovation and pricing/monetization at Analyst Day — these are informational catalysts that could be market?moving depending on specifics. BNP preview of Investor Day
• Negative Sentiment: Some analysts trimmed targets amid mixed near?term dynamics: Wolfe Research cut its price target to $125 (from $175) while keeping an Outperform rating, citing conservatism after delayed on?prem deals in the Middle East — a reminder of near?term execution and regional timing risks. Wolfe Research lowers PT
• Negative Sentiment: Investor worry about AI “displacement” and acquisition strategy: Media and some investors remain concerned that AI could compress SaaS pricing or that recent acquisitive moves are masking organic growth issues — these narratives have pressured the stock recently. CEO message on acquisitions

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.