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ServiceNow - NOW Stock Forecast, Price & News

$488.20
-6.75 (-1.36%)
(As of 08/9/2022 10:28 AM ET)
Add
Compare
Today's Range
$486.14
$497.70
50-Day Range
$420.97
$506.43
52-Week Range
$406.47
$707.60
Volume
9,692 shs
Average Volume
2.25 million shs
Market Capitalization
$98.62 billion
P/E Ratio
536.48
Dividend Yield
N/A
Price Target
$597.90

ServiceNow MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
22.2% Upside
$597.90 Price Target
Short Interest
Healthy
1.98% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.80
Upright™ Environmental Score
News Sentiment
-0.13mentions of ServiceNow in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$15.45 M Sold Last Quarter
Proj. Earnings Growth
54.34%
From $1.73 to $2.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Computer And Technology Sector

146th out of 644 stocks

Prepackaged Software Industry

33rd out of 224 stocks

NOW stock logo

About ServiceNow (NYSE:NOW) Stock

ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. The company also provides information technology (IT) service management applications; IT service management product suite for enterprise's employees, customers, and partners; IT business management product suite; IT operations management product that connects a customer's physical and cloud-based IT infrastructure; IT Asset Management to automate IT asset lifecycles; and security operations that connects with internal and third party. In addition, it offers governance, risk, and compliance product to manage risk and resilience; human resources, legal, and workplace service delivery products; safe workplace applications; customer service management product; and field service management applications. Further, it provides App Engine product; IntegrationHub enables application to extend workflows; and professional, industry solutions, and customer support services. It serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.

ServiceNow Stock Performance

NYSE:NOW opened at $494.95 on Tuesday. The stock has a market cap of $99.98 billion, a PE ratio of 543.90, a P/E/G ratio of 10.04 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. ServiceNow has a twelve month low of $406.47 and a twelve month high of $707.60. The stock has a fifty day simple moving average of $466.68 and a 200-day simple moving average of $503.45.

ServiceNow (NYSE:NOW - Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.08. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.76 billion. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The company's revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Equities analysts anticipate that ServiceNow will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus reduced their target price on shares of ServiceNow from $650.00 to $550.00 in a report on Wednesday, May 25th. Wells Fargo & Company dropped their price target on ServiceNow from $600.00 to $550.00 and set an "overweight" rating on the stock in a research note on Monday, July 25th. KeyCorp dropped their price target on ServiceNow from $567.00 to $520.00 and set an "overweight" rating on the stock in a research note on Thursday, July 28th. Credit Suisse Group dropped their price target on ServiceNow from $700.00 to $650.00 and set an "outperform" rating on the stock in a research note on Thursday, July 28th. Finally, Morgan Stanley dropped their price target on ServiceNow from $594.00 to $575.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, ServiceNow presently has an average rating of "Moderate Buy" and an average price target of $601.80.

Insider Transactions at ServiceNow

In other news, Director Frederic B. Luddy sold 6,600 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $465.86, for a total transaction of $3,074,676.00. Following the completion of the transaction, the director now directly owns 33,000 shares in the company, valued at approximately $15,373,380. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Chirantan Jitendra Desai sold 7,000 shares of the firm's stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $477.52, for a total transaction of $3,342,640.00. Following the completion of the transaction, the chief operating officer now directly owns 38,980 shares in the company, valued at approximately $18,613,729.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic B. Luddy sold 6,600 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $465.86, for a total value of $3,074,676.00. Following the completion of the sale, the director now directly owns 33,000 shares in the company, valued at approximately $15,373,380. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,510 shares of company stock worth $15,196,656. 0.28% of the stock is currently owned by company insiders.

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NOW Stock News Headlines

ServiceNow (NYSE:NOW) PT Lowered to $580.00
Cowen Lowers ServiceNow (NYSE:NOW) Price Target to $580.00
ServiceNow (NYSE:NOW) PT Lowered to $553.00 at JMP Securities
ServiceNow (NYSE:NOW) Price Target Cut to $520.00
ServiceNow (NYSE:NOW) Shares Gap Down on Analyst Downgrade
See More Headlines
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NOW Company Calendar

Last Earnings
7/27/2022
Today
8/09/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
CUSIP
81762P10
Employees
16,881
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$597.90
High Stock Price Forecast
$805.00
Low Stock Price Forecast
$460.00
Forecasted Upside/Downside
+22.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.84
Research Coverage
31 Analysts

Profitability

Net Income
$230 million
Pretax Margin
3.24%

Debt

Sales & Book Value

Annual Sales
$5.90 billion
Cash Flow
$5.36 per share
Book Value
$18.57 per share

Miscellaneous

Free Float
201,434,000
Market Cap
$98.62 billion
Optionable
Optionable
Beta
0.94

Social Links















NOW Stock - Frequently Asked Questions

Should I buy or sell ServiceNow stock right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ServiceNow in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 28 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NOW shares.
View NOW analyst ratings
or view top-rated stocks.

What is ServiceNow's stock price forecast for 2022?

31 brokers have issued 1-year price objectives for ServiceNow's stock. Their NOW share price forecasts range from $460.00 to $805.00. On average, they expect the company's share price to reach $597.90 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for NOW
or view top-rated stocks among Wall Street analysts.

How has ServiceNow's stock performed in 2022?

ServiceNow's stock was trading at $649.11 at the beginning of 2022. Since then, NOW shares have decreased by 23.7% and is now trading at $494.95.
View the best growth stocks for 2022 here
.

When is ServiceNow's next earnings date?

ServiceNow is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our NOW earnings forecast
.

How were ServiceNow's earnings last quarter?

ServiceNow, Inc. (NYSE:NOW) announced its quarterly earnings data on Wednesday, July, 27th. The information technology services provider reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.08. The information technology services provider earned $1.75 billion during the quarter, compared to analysts' expectations of $1.76 billion. ServiceNow had a net margin of 2.79% and a trailing twelve-month return on equity of 7.22%. The business's quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS.
Read the conference call transcript
.

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).

What is ServiceNow's stock symbol?

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

Who are ServiceNow's major shareholders?

ServiceNow's stock is owned by many different retail and institutional investors. Top institutional investors include Brown Advisory Inc. (1.19%), TD Asset Management Inc. (0.60%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), TCW Group Inc. (0.29%), WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.27%) and Allspring Global Investments Holdings LLC (0.25%). 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, Michael Scarpelli, 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ServiceNow's stock price today?

One share of NOW stock can currently be purchased for approximately $494.95.

How much money does ServiceNow make?

ServiceNow (NYSE:NOW) has a market capitalization of $99.98 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 $0.91 on an earnings per share basis.

How many employees does ServiceNow have?

ServiceNow employs 16,881 workers across the globe.

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.
Read More

When was ServiceNow founded?

ServiceNow was founded in 2004.

How can I contact ServiceNow?

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.

This page (NYSE:NOW) was last updated on 8/9/2022 by MarketBeat.com Staff

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