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

Key Points

• Citizens Jmp reiterated a "Market Outperform" rating on ServiceNow with a $157 price objective, implying roughly a 70.8% upside from the current price.
• Consensus remains positive—MarketBeat shows an average rating of "Moderate Buy" and an average price target of $145.92—even as some analysts trimmed targets amid near‑term execution concerns.
• Operationally, ServiceNow beat or met recent estimates (Q: $0.97 EPS; revenue $3.77B, +22.1% YoY) and management outlined a long‑term plan to roughly double subscription revenue to about $30B by 2030, with its AI product Now Assist already exceeding $750M ACV.

ServiceNow (NYSE:NOW - Get Free Report)'s stock had its "market outperform" rating reiterated by research analysts at Citizens Jmp in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $157.00 price objective on the information technology services provider's stock. Citizens Jmp's price target would indicate a potential upside of 70.80% from the company's current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada reduced their target price on shares of ServiceNow from $150.00 to $121.00 and set an "outperform" rating for the company in a report on Monday, April 13th. Mizuho reduced their target price on shares of ServiceNow from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. BNP Paribas Exane upgraded shares of ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a report on Monday, March 16th. Evercore reduced their target price on shares of ServiceNow from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Finally, Citigroup boosted their target price on shares of ServiceNow from $154.00 to $158.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $145.92.

ServiceNow Stock Performance

NOW stock opened at $91.92 on Tuesday. 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 business has a 50-day moving average price of $103.45 and a 200 day moving average price of $134.58. The company has a market capitalization of $94.77 billion, a P/E ratio of 54.78, a PEG ratio of 1.61 and a beta of 0.82. ServiceNow has a 1-year low of $81.24 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting analysts' consensus estimates of $0.97. The business had revenue of $3.77 billion during 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 firm's revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. As a group, equities research analysts forecast that ServiceNow will post 2.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 8,927 shares of the business's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $89.60, for a total transaction of $799,859.20. Following the sale, the insider owned 29,531 shares in the company, valued at approximately $2,645,977.60. The trade was a 23.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the sale, the director owned 46,430 shares in the company, valued at $4,697,323.10. The trade was a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,164 shares of company stock worth $2,497,021 over the last ninety days. Insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On ServiceNow

Large investors have recently modified their holdings of the business. 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 during 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 during 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 during 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 during 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 during the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

More ServiceNow News

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

ServiceNow Company Profile

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.

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