ServiceNow - NOW Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ServiceNow in the last year. There are currently 2 sell ratings, 1 hold rating and 27 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NOW shares.
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30 equities research analysts have issued 1 year price objectives for ServiceNow's stock. Their NOW share price forecasts range from $420.00 to $680.00. On average, they expect the company's share price to reach $523.52 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price.
View analysts price targets for NOW or view top-rated stocks among Wall Street analysts.

ServiceNow's stock was trading at $388.27 on January 1st, 2023. Since then, NOW stock has increased by 19.3% and is now trading at $463.07.
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ServiceNow saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,900,000 shares, a decline of 15.5% from the December 31st total of 3,430,000 shares. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is currently 1.8 days.
View ServiceNow's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our NOW earnings forecast.

ServiceNow, Inc. (NYSE:NOW) posted its quarterly earnings results on Wednesday, October, 27th. The information technology services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.16. The information technology services provider earned $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. ServiceNow had a net margin of 2.90% and a trailing twelve-month return on equity of 7.22%. The company's quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS.
Read the conference call transcript.

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.

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).

ServiceNow trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOW."

ServiceNow's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Strs Ohio (0.18%), Allspring Global Investments Holdings LLC (0.18%), DNB Asset Management AS (0.09%), Congress Asset Management Co. MA (0.07%), Riverbridge Partners LLC (0.06%) and Peregrine Capital Management LLC (0.05%). Insiders that own company stock include Anita M Sands, Chirantan Jitendra Desai, Christopher Bedi, David Schneider, Dennis Woodside, Fay Sien Goon, Frederic B Luddy, Frederic B Luddy, Gina Mastantuono, Jacqueline P Canney, Jeffrey A Miller, John J Donahoe, Jonathan Chadwick, Kevin Haverty, Lara Caimi, Lawrence Jackson, Nicholas Tzitzon, Patricia L Wadors, Paul Edward Chamberlain, Paul John Smith, Russell S Elmer, Russell S Elmer, Susan L Bostrom, Teresa Briggs and William R Mcdermott.
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Shares of NOW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NOW stock can currently be purchased for approximately $463.07.

ServiceNow (NYSE:NOW) has a market capitalization of $93.54 billion and generates $5.90 billion in revenue each year. The information technology services provider earns $230 million in net income (profit) each year or $0.99 on an earnings per share basis.

The company employs 16,881 workers across the globe.

ServiceNow's mailing address is 2225 LAWSON LANE, SANTA CLARA CA, 95054. The official website for the company is www.servicenow.com. The information technology services provider can be reached via phone at (408) 501-8550, via email at ir@service-now.com, or via fax at 858-720-0479.