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ServiceNow (NOW) Stock Price, News & Analysis

$777.05
+2.87 (+0.37%)
(As of 04:10 PM ET)
Today's Range
$763.91
$777.93
50-Day Range
$685.45
$789.13
52-Week Range
$494.13
$815.32
Volume
764,108 shs
Average Volume
1.20 million shs
Market Capitalization
$159.30 billion
P/E Ratio
83.11
Dividend Yield
N/A
Price Target
$808.73

ServiceNow MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
4.2% Upside
$808.73 Price Target
Short Interest
Healthy
1.15% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.80
Upright™ Environmental Score
News Sentiment
0.92mentions of ServiceNow in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$227,491 Sold Last Quarter
Proj. Earnings Growth
28.66%
From $6.49 to $8.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Computer And Technology Sector

68th out of 589 stocks

Prepackaged Software Industry

19th out of 197 stocks

NOW stock logo

About ServiceNow Stock (NYSE:NOW)

ServiceNow, Inc. is a leading provider of cloud-based software solutions that help enterprises streamline their digital workflows. The company aims to enable organizations to digitize and automate their business processes, increasing efficiency and productivity. Headquartered in Santa Clara, California, ServiceNow operates globally, serving customers across various industries, including healthcare, finance, technology, and manufacturing.

ServiceNow's core product is its platform-as-a-service (PaaS) offering, allowing businesses to create custom applications and workflows tailored to their needs. The platform encompasses various modules, including IT Service Management, Human Resources, Customer Service Management, and Security Operations. By leveraging ServiceNow's platform, organizations can automate routine tasks, streamline communication and collaboration and enhance employee and customer experience.

The company's target market primarily comprises large enterprises that seek to modernize their operations and enhance digital transformation initiatives. ServiceNow has established a solid customer base, including well-known brands such as Coca-Cola, Siemens, and Visa. Its solutions cater to the needs of diverse organizations, ranging from IT departments seeking efficient incident management to HR departments streamlining employee onboarding processes.

ServiceNow boasts a strong, experienced management team that drives the company's success. Led by Chief Executive Officer Bill McDermott, a seasoned technology executive with a proven track record in the industry, the group comprises individuals with diverse backgrounds and expertise. 

ServiceNow has demonstrated impressive financial performance in recent years, reflecting its strong market position and growing customer demand for its products and services. The company has consistently reported robust revenue growth, driven by the increasing adoption of its platform across industries.

ServiceNow has maintained healthy profit margins, showcasing its ability to generate investment returns and maintain efficient cost structures. The company's strong financial position has allowed it to invest in research and development, innovation, and strategic acquisitions to drive further growth and market expansion. 

ServiceNow's valuation metrics reflect the market's recognition of its strong growth potential and position within the industry. The company's price-to-earnings (P/E) ratio and price-to-book (P/B) ratio are often higher than its industry peers, indicating the market's confidence in ServiceNow's future prospects. The higher P/E ratio suggests that investors are willing to pay a premium for each dollar of earnings the company generates, reflecting expectations of strong future earnings growth. Similarly, the higher P/B ratio indicates that investors value ServiceNow's assets at a higher multiple compared to its book value, emphasizing the company's intangible assets and intellectual property.

The factors driving ServiceNow's valuation are its consistent revenue growth, expanding customer base, and market leadership position. The company has successfully established itself as a trusted provider of digital workflow solutions, capturing a significant market share and demonstrating its ability to deliver value to its customers. ServiceNow's focus on innovation and product development has allowed it to stay ahead of competitors and maintain a competitive edge in the industry.

ServiceNow operates in the broader enterprise software industry, which is characterized by rapid technological advancements and the increasing adoption of cloud-based solutions. The industry is highly competitive, with several key players vying for market share and constantly innovating to meet evolving customer needs.

ServiceNow maintains a competitive advantage through its comprehensive platform and the breadth of its product offerings. The company's focus on delivering solutions that streamline digital workflows across departments positions it well in the market. ServiceNow enables efficient collaboration, automation, and process optimization by providing a unified platform that integrates various organizational functions.

The enterprise software industry is also subject to regulatory and political factors that can impact companies operating within it. Changes in data protection regulations or cybersecurity requirements may influence the demand for software solutions, including those offered by ServiceNow. Investors must monitor such developments and assess their potential impact on the company's operations and market position.

ServiceNow has several growth opportunities on the horizon. One significant opportunity lies in expanding its product offerings and penetrating new markets. The company can leverage its existing customer base and reputation to introduce new modules or vertical-specific solutions that address specific industry needs. For example, ServiceNow can develop tailored solutions for sectors such as healthcare or manufacturing, enabling it to tap into untapped markets and drive revenue growth.

While ServiceNow presents promising growth prospects, it has risks and challenges. One of the key challenges the company may face is intense competition within the enterprise software industry. Competitors, both established players and emerging startups, continuously innovate and introduce new solutions that could potentially erode ServiceNow's market share. To mitigate this risk, ServiceNow must focus on innovation, invest in research and development and ensure its offerings stay ahead of the curve.

Another potential risk lies in changes to regulatory or compliance requirements. As a business operating in an increasingly regulated industry, ServiceNow must stay updated with evolving regulations and adapt its solutions to ensure customer compliance. Failure to address regulatory changes adequately could result in reputational damage and loss of customers.

Moreover, macroeconomic factors can impact ServiceNow's business. Economic downturns or recessions may lead to reduced spending by enterprises, affecting the demand for software solutions. ServiceNow must remain agile and adaptable to market conditions, continuously demonstrate the value of its offerings and provide cost-effective solutions that align with customers' budgetary constraints.

NOW Stock Price History

NOW Stock News Headlines

Worldwide Takeover: 3 Stocks Poised for Global Domination
Better Cloud Stock: DocuSign vs. ServiceNow
ServiceNow (NYSE:NOW) Stock Price Up 0.4%
ServiceNow (NYSE:NOW) Stock Price Up 0.8%
See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Today
5/21/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
CUSIP
81762P10
Employees
22,668
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$808.73
High Stock Price Target
$950.00
Low Stock Price Target
$600.00
Potential Upside/Downside
+4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
25 Analysts

Profitability

Net Income
$1.73 billion
Pretax Margin
13.14%

Debt

Sales & Book Value

Annual Sales
$8.97 billion
Cash Flow
$8.06 per share
Book Value
$37.21 per share

Miscellaneous

Free Float
204,488,000
Market Cap
$158.71 billion
Optionable
Optionable
Beta
0.98

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NOW Stock Analysis - Frequently Asked Questions

Should I buy or sell ServiceNow stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ServiceNow in the last twelve months. There are currently 2 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NOW shares.
View NOW analyst ratings
or view top-rated stocks.

What is ServiceNow's stock price target for 2024?

25 brokers have issued 1-year target prices for ServiceNow's stock. Their NOW share price targets range from $600.00 to $950.00. On average, they expect the company's share price to reach $808.73 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for NOW
or view top-rated stocks among Wall Street analysts.

How have NOW shares performed in 2024?

ServiceNow's stock was trading at $706.49 on January 1st, 2024. Since then, NOW stock has increased by 9.9% and is now trading at $776.44.
View the best growth stocks for 2024 here
.

When is ServiceNow's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our NOW earnings forecast
.

How were ServiceNow's earnings last quarter?

ServiceNow, Inc. (NYSE:NOW) announced its quarterly earnings data on Wednesday, April, 24th. The information technology services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.41. The information technology services provider earned $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a net margin of 20.34% and a trailing twelve-month return on equity of 13.59%.

What is Bill McDermott's approval rating as ServiceNow's CEO?

223 employees have rated ServiceNow Chief Executive Officer Bill McDermott on Glassdoor.com. Bill McDermott has an approval rating of 98% among the company's employees. This puts Bill McDermott in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ServiceNow own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ServiceNow investors own include NVIDIA (NVDA), Salesforce (CRM), PayPal (PYPL), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Adobe (ADBE), Walt Disney (DIS), Block (SQ) and Mastercard (MA).

Who are ServiceNow's major shareholders?

ServiceNow's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.98%), Price T Rowe Associates Inc. MD (4.09%), Capital International Investors (1.79%), Capital Research Global Investors (1.44%), Jennison Associates LLC (1.17%) and Bank of New York Mellon Corp (0.73%). Insiders that own company stock include Anita M Sands, Chirantan Jitendra Desai, Christopher Bedi, Dennis Woodside, Fay Sien Goon, Frederic B Luddy, Frederic B Luddy, Gina Mastantuono, Jacqueline P Canney, Jeffrey A Miller, Jonathan Chadwick, Lara Caimi, Lawrence Jackson, Nicholas Tzitzon, Paul Edward Chamberlain, Paul John Smith, Russell S Elmer, Russell S Elmer, Susan L Bostrom, Teresa Briggs and William R Mcdermott.
View institutional ownership trends
.

How do I buy shares of ServiceNow?

Shares of NOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does ServiceNow have any subsidiaries?
The following companies are subsidiares of ServiceNow: Appsee, BrightPoint Security, Brightpoint Security Inc., Digital Telegraphy, DxContinuum, DxContinuum Inc., Element AI, Fairchild Resiliency Systems, FriendlyData, ITapp, ITapp Inc., ITapp Software Private Limited, Intreis, Loom Systems, Mirror42, Neebula, Parlo, Passage AI, Qlue Inc., Qlue Inc., SN Europe C.V., Service Now A.B Israel 2012 Ltd, Service-now.com GmbH, ServiceNow Australia Pty Ltd, ServiceNow Belgium BVBA, ServiceNow Brasil Gerenciamento de Servicos Ltda, ServiceNow Canada Inc., ServiceNow Delaware LLC, ServiceNow Denmark ApS, ServiceNow Finland Oy, ServiceNow France SAS, ServiceNow GmbH, ServiceNow Hong Kong Limited, ServiceNow Ireland Limited, ServiceNow Italy S.R.L., ServiceNow Japan K.K., ServiceNow Nederland B.V., ServiceNow Norway AS, ServiceNow Operations Mexico S DE RL DE CV, ServiceNow Poland Sp. Z o.o., ServiceNow Portugal Unipessoal LDA, ServiceNow Pte. Ltd., ServiceNow Software Development India Private Limited, ServiceNow South Africa (Pty) Ltd, ServiceNow Spain SL, ServiceNow Sweden AB, ServiceNow Switzerland GmbH, ServiceNow Turkey Bilisim Sanayi Ve Ticaret Limited Sirketi, ServiceNow UK Limited, SkyGiraffe, SkyGiraffe Inc., SkyGiraffe Ltd, Sweagle, and VendorHawk.
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This page (NYSE:NOW) was last updated on 5/21/2024 by MarketBeat.com Staff

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