ServiceNow (NYSE:NOW) Stock Price Expected to Rise, Evercore Analyst Says

Key Points

• Evercore raised its price target on ServiceNow to $150 (from $140) and kept an outperform rating, implying roughly a 65% upside from the current share price.
• Other analysts have trimmed targets recently but the consensus remains a Moderate Buy with an average price target of $146.35, while the stock trades near $90.95, reflecting a large gap between current price and analyst expectations.
• ServiceNow beat revenue expectations with quarterly sales of $3.77B (up 22.1% YoY) and met EPS of $0.97, and management is pushing AI monetization—targeting roughly $30B in subscription revenue by 2030 and Now Assist >$750M ACV—as a longer-term growth catalyst.

ServiceNow (NYSE:NOW - Get Free Report) had its price objective boosted by analysts at Evercore from $140.00 to $150.00 in a research note issued on Tuesday, MarketBeat reports. The firm presently has an "outperform" rating on the information technology services provider's stock. Evercore's target price suggests a potential upside of 64.93% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. DA Davidson lowered their price objective on ServiceNow from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Stifel Nicolaus lowered their price objective on ServiceNow from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Jefferies Financial Group restated a "buy" rating and issued a $135.00 price objective (down from $175.00) on shares of ServiceNow in a research note on Thursday, April 23rd. Truist Financial lowered their price objective on ServiceNow from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Finally, FBN Securities lowered their price objective on ServiceNow from $160.00 to $120.00 in a research note on Thursday, April 23rd. Two equities research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $146.35.

ServiceNow Stock Performance

ServiceNow stock traded down $1.02 during midday trading on Tuesday, reaching $90.95. The stock had a trading volume of 6,016,323 shares, compared to its average volume of 21,062,891. ServiceNow has a 12 month low of $81.24 and a 12 month high of $211.48. The firm's 50-day moving average price is $103.45 and its 200 day moving average price is $134.58. The firm has a market capitalization of $93.77 billion, a PE ratio of 54.26, a P/E/G ratio of 1.61 and a beta of 0.82. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $3.75 billion. During the same period in the previous year, the business posted $0.81 EPS. The firm's quarterly revenue was up 22.1% compared to the same quarter last year. As a group, research analysts predict that ServiceNow will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the company's stock in a transaction dated Friday, February 13th. The stock was 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 $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the company's stock in a transaction dated Thursday, February 12th. The shares were 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 approximately $4,697,323.10. This 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 ninety days, insiders have 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

Several hedge funds and other institutional investors have recently modified their holdings of NOW. Brighton Jones LLC grew 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 worth $2,919,000 after purchasing an additional 30 shares in the last quarter. Sivia Capital Partners LLC grew its holdings 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 purchasing an additional 34 shares in the last quarter. United Bank grew 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 in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of ServiceNow by 2.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,922 shares of the information technology services provider's stock worth $1,976,000 after purchasing an additional 42 shares in the last quarter. Finally, Nebula Research & Development LLC grew its holdings in shares of ServiceNow by 205.1% during the second quarter. Nebula Research & Development LLC now owns 906 shares of the information technology services provider's stock worth $931,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Citi and other firms raised or reaffirmed bullish views and price targets (Citi to $158; BTIG $150; Citizens JMP $157; Needham $115), supporting upside expectations ahead of and following the company’s analyst/Investor Day. Is ServiceNow (NOW) the Best AI Stock with Potential to Rise 1000 Percent?
• Positive Sentiment: Company-longer term targets and AI traction: management laid out an ambition to double subscription revenue (targeting ~$30B by 2030 / $32B by 2030 in other coverage) and highlighted Now Assist >$750M ACV — messaging that supports major long-term revenue upside if AI monetization scales. ServiceNow lays out path to $30 billion in annual subscription revenue as AI bets accelerate
• Positive Sentiment: Product and partner momentum: new third‑party products and integrations are being built on ServiceNow (Novaworks HR OS, Ataccama data‑quality signals, DXC multi‑year agreement and embedded Context Engine AI), reinforcing platform stickiness and enterprise AI use cases. Novaworks.ai Launches AI-Native Core HR Operating System for Total Workforce Management, Built on ServiceNow Ataccama Brings Data Quality Signals into ServiceNow to Power AI with Trusted Data ServiceNow embeds AI across all products with Context Engine
• Neutral Sentiment: Investor/Analyst Day focus: BNP and others expect management to emphasize AI product innovation, pricing and monetization — this is an execution event (potential catalyst) but outcomes will dictate direction. ServiceNow's investor day likely to focus on AI product innovation, pricing: BNP
• Negative Sentiment: Wolfe Research trimmed its price target to $125 (from $175), citing conservative guidance and delayed on‑prem deals in the Middle East — a sign that near‑term execution risks and conservatism in guidance can pressure the stock. Wolfe Research Lowers PT on ServiceNow (NOW) stock
• Negative Sentiment: Investor concerns about M&A/pricing discipline: media coverage highlights investor scrutiny over the company’s recent AI-related acquisitions and whether they mask growth gaps — ongoing integration and capital allocation questions may weigh on sentiment. ServiceNow CEO sends blunt 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.