Royal Bank Of Canada Reaffirms Outperform Rating for ServiceNow (NYSE:NOW)

ServiceNow (NYSE:NOW)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a report issued on Thursday,Benzinga reports. They presently have a $130.00 target price on the information technology services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 37.71% from the company’s previous close.

Several other research firms also recently issued reports on NOW. Stifel Nicolaus decreased their price objective on shares of ServiceNow from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Citizens Jmp reissued a “market outperform” rating and issued a $157.00 price target on shares of ServiceNow in a report on Tuesday, May 5th. BMO Capital Markets lifted their price target on shares of ServiceNow from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings lowered shares of ServiceNow from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.80.

ServiceNow Stock Down 1.1%

Shares of NYSE NOW traded down $1.06 during mid-day trading on Thursday, hitting $94.40. 27,300,878 shares of the stock traded hands, compared to its average volume of 23,718,629. ServiceNow has a 52 week low of $81.24 and a 52 week high of $210.20. The stock has a fifty day moving average price of $104.67 and a 200-day moving average price of $108.16. The company has a market cap of $97.33 billion, a price-to-earnings ratio of 56.21, a PEG ratio of 1.71 and a beta of 0.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. Research analysts anticipate that ServiceNow will post 2.33 EPS for the current year.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of ServiceNow 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the transaction, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 28,071 shares of company stock valued at $2,529,956. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On ServiceNow

A number of large investors have recently made changes to their positions in NOW. Brighton Jones LLC raised its holdings in shares of ServiceNow by 1.1% during the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock valued at $2,919,000 after acquiring an additional 30 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of ServiceNow by 4.2% during the second quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider’s stock worth $861,000 after acquiring an additional 34 shares during the last quarter. United Bank lifted its holdings in shares of ServiceNow by 15.5% during the second quarter. United Bank now owns 1,519 shares of the information technology services provider’s stock worth $1,562,000 after purchasing an additional 204 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in shares of ServiceNow by 2.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,922 shares of the information technology services provider’s stock valued at $1,976,000 after purchasing an additional 42 shares during the period. Finally, Nebula Research & Development LLC grew its stake in ServiceNow by 205.1% in the 2nd quarter. Nebula Research & Development LLC now owns 906 shares of the information technology services provider’s stock valued at $931,000 after acquiring an additional 609 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow beat Q2 estimates, reporting earnings of $0.90 per share on revenue of $3.99 billion, both above consensus. ServiceNow Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its full-year subscription revenue forecast again, helped by accelerating AI demand and stronger enterprise bookings. ServiceNow raises annual subscription revenue forecast again on AI-driven demand
• Positive Sentiment: AI-related contract value surpassed the $1 billion milestone, reinforcing that the company’s AI offerings are becoming a meaningful growth driver. ServiceNow AI Contract Value Crosses $1 Billion Milestone, Stock Soars
• Positive Sentiment: Several analysts raised or reaffirmed bullish ratings and price targets after the earnings beat, adding to momentum in the shares. ServiceNow Analysts Increase Their Forecasts After Better-Than-Expected Q2 Earnings
• Neutral Sentiment: ServiceNow also announced new partnerships and customer wins, including Experian, Leidos, TeamViewer, and Exclusive Networks, which support its long-term platform expansion but are not the main near-term stock driver. Experian accelerates AI-first experiences with ServiceNow AI Platform
• Negative Sentiment: Before earnings, the stock had been under pressure from broader AI-disruption fears and concern that enterprise software spending could slow, but the results helped offset that narrative. ServiceNow Stock Slides: What’s Happening Today?

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.