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NYSE:NOW

ServiceNow (NOW) Stock Forecast, Price & News

$556.91

+8.73 (+1.59%)

(As of 06/5/2023 ET)

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Today's Range: $542.37
▼
$559.82
50-Day Range: $429.08
▼
$549.12
52-Week Range: $337.00
▼
$559.86

Volume: 1.39 million shs
Average Volume: 1.68 million shs
Market Capitalization: $113.46 billion

P/E Ratio: 284.14
Dividend Yield: N/A
Price Target: $530.33

ServiceNow MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.93 Rating Score
Upside/Downside: 4.7% Downside
$530.33 Price Target
Short Interest: Healthy
1.84% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.80
Upright™ Environmental Score
News Sentiment: 0.13
Based on 25 Articles This Week
Insider Trading: Selling Shares
$15.36 M Sold Last Quarter
Proj. Earnings Growth: 43.85%
From $3.17 to $4.56 Per Share

Overall MarketRank^™

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

2.27 out of 5 stars

Computer And Technology Sector

222nd out of 607 stocks

Prepackaged Software Industry

58th out of 215 stocks

2.5

Analyst's Opinion

Consensus Rating
ServiceNow has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 26 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $530.33, ServiceNow has a forecasted downside of 4.7% from its current price of $556.71.
Amount of Analyst Coverage
ServiceNow has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.84% of the outstanding shares of ServiceNow have been sold short.
Short Interest Ratio / Days to Cover
ServiceNow has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ServiceNow has recently increased by 3.03%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
ServiceNow does not currently pay a dividend.
Dividend Growth
ServiceNow does not have a long track record of dividend growth.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ServiceNow has received a 15.06% net impact score from Upright. ServiceNow seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network monitoring and management software", "Application monitoring software", and "Database activity monitoring software" products. See details.
Environmental Sustainability
The Environmental Impact score for ServiceNow is -0.80.

2.3

News and Social Media Coverage

News Sentiment
ServiceNow has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 25 news articles for ServiceNow this week, compared to 10 articles on an average week.
Search Interest
Only 68 people have searched for NOW on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
34 people have added ServiceNow to their MarketBeat watchlist in the last 30 days. This is an increase of 79% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ServiceNow insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,361,500.00 in company stock.
Percentage Held by Insiders
Only 0.28% of the stock of ServiceNow is held by insiders.
Percentage Held by Institutions
86.31% of the stock of ServiceNow is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for ServiceNow are expected to grow by 43.85% in the coming year, from $3.17 to $4.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ServiceNow is 284.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 124.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of ServiceNow is 284.04, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 322.03.
Price to Earnings Growth Ratio
ServiceNow has a PEG Ratio of 6.86. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ServiceNow has a P/B Ratio of 22.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ServiceNow (NYSE:NOW) Stock

ServiceNow, Inc. engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.

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NOW Stock News Headlines

May 18, 2023 | marketbeat.com

ServiceNow Serves Up A Reversal, Now!

ServiceNow is getting more upgrades and price target increases following an unexpected repurchase announcement worth 1.5% of the market cap.

June 5, 2023 | finance.yahoo.com

If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now

June 5, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

June 4, 2023 | americanbankingnews.com

Insider Selling: ServiceNow, Inc. (NYSE:NOW) CFO Sells $1,180,850.00 in Stock

June 2, 2023 | americanbankingnews.com

Insider Selling: ServiceNow, Inc. (NYSE:NOW) Insider Sells $199,563.75 in Stock

June 1, 2023 | finance.yahoo.com

NewRocket Recognized as the 2023 ServiceNow Worldwide Customer Workflow Partner of the Year

June 1, 2023 | finance.yahoo.com

Sizing Up ServiceNow Now That It Has Run Higher

June 1, 2023 | americanbankingnews.com

Equities Analysts Offer Predictions for ServiceNow, Inc.'s Q1 2025 Earnings (NYSE:NOW)

June 5, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

June 1, 2023 | americanbankingnews.com

ServiceNow, Inc. (NYSE:NOW) COO Sells $6,995,950.00 in Stock

June 1, 2023 | americanbankingnews.com

ServiceNow (NYSE:NOW) Given New $665.00 Price Target at Sanford C. Bernstein

May 31, 2023 | seekingalpha.com

ServiceNow, Inc. (NOW) Jefferies Software Conference 2023

May 31, 2023 | marketwatch.com

ServiceNow exec cashes out $7 million in stock amid 2023 surge

May 31, 2023 | finance.yahoo.com

IR Streamlines Alerts Management with ServiceNow Integration

May 30, 2023 | msn.com

29 Analysts Have This to Say About ServiceNow

May 30, 2023 | finance.yahoo.com

Top Stock Picks for Week of May 29, 2023

May 30, 2023 | msn.com

Bernstein Maintains ServiceNow (NOW) Outperform Recommendation

May 30, 2023 | msn.com

ServiceNow Unusual Options Activity For May 30

May 30, 2023 | benzinga.com

ServiceNow shares are trading higher after Bernstein maintained an Outperform rating on the stock and raised its price target from $586 to $665.

May 25, 2023 | theglobeandmail.com

Why Are ServiceNow (NOW) Shares Soaring Today

May 25, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why ServiceNow (NOW) is a Great Choice

May 25, 2023 | americanbankingnews.com

Lara Caimi Sells 267 Shares of ServiceNow, Inc. (NYSE:NOW) Stock

May 24, 2023 | msn.com

ServiceNow Unleashes AI, Innovation To Strengthen Competitive Advantage

May 24, 2023 | finance.yahoo.com

Nvidia Has Had Numerous Updates Before Earnings -- Here Is What Investors Should Know

May 23, 2023 | seekingalpha.com

ServiceNow, Inc. (NOW) Presents at JPMorgan 51st Annual Global Technology, Media and Communications Conference (Transcript)

May 23, 2023 | finance.yahoo.com

ServiceNow Has Momentum; It's Still Too Expensive

May 22, 2023 | finance.yahoo.com

Bull of the Day: Service Now (NOW)

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NOW Price History

30 days | 90 days | 365 days | Advanced Chart

NOW Company Calendar

Last Earnings: 10/27/2021
Today: 6/05/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: Systems Software
Sector: Computer and Technology
Current Symbol: NYSE:NOW
CUSIP: 81762P10
CIK: 1373715
Web: www.servicenow.com
Phone: (408) 501-8550
Fax: 858-720-0479
Employees: 20,433
Year Founded: 2004

Price Target and Rating

Average Stock Price Forecast: $530.33
High Stock Price Forecast: $665.00
Low Stock Price Forecast: $410.00
Forecasted Upside/Downside: -3.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.93
Research Coverage: 28 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.96
Trailing P/E Ratio: 281.66
Forward P/E Ratio: 174.15
P/E Growth: 6.86
Net Income: $325 million
Net Margins: 5.25%
Pretax Margin: 6.59%
Return on Equity: 10.18%
Return on Assets: 4.01%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 1.17
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $7.25 billion
Price / Sales: 15.52
Cash Flow: $6.09 per share
Price / Cash Flow: 90.68
Book Value: $24.79 per share
Price / Book: 22.27

Miscellaneous

Outstanding Shares: 203,740,000
Free Float: 203,170,000
Market Cap: $112.48 billion
Optionable: Optionable
Beta: 1.03

Social Links

Key Executives

Bill McDermott
Chairman & Chief Executive Officer

Chirantan C. J. Desai
President & Chief Operating Officer

Gina M. Mastantuono
Chief Financial Officer

Chris Bedi
Chief Digital Information Officer

Kevin T. McBride
Chief Accounting Officer, Senior VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NOW Stock - Frequently Asked Questions

Should I buy or sell ServiceNow stock right now?: 28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ServiceNow in the last twelve months. There are currently 2 hold ratings and 26 buy ratings for the stock. The consensus among Wall Street 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 2023?: 28 Wall Street analysts have issued 12-month price objectives for ServiceNow's shares. Their NOW share price forecasts range from $410.00 to $665.00. On average, they predict the company's stock price to reach $530.33 in the next year. This suggests that the stock has a possible downside of 4.9%.
View analysts price targets for NOW or view top-rated stocks among Wall Street analysts.
How have NOW shares performed in 2023?: ServiceNow's stock was trading at $388.27 on January 1st, 2023. Since then, NOW shares have increased by 43.6% and is now trading at $557.55.
View the best growth stocks for 2023 here.
When is ServiceNow's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our NOW earnings forecast.
How were ServiceNow's earnings last quarter?: ServiceNow, Inc. (NYSE:NOW) released its quarterly earnings data on Wednesday, October, 27th. The information technology services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.16. The information technology services provider earned $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. ServiceNow had a net margin of 5.25% and a trailing twelve-month return on equity of 10.18%. The company's quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share.
Read the conference call transcript.
What ETFs hold ServiceNow's stock?: ETFs with the largest weight of ServiceNow (NYSE:NOW) stock in their portfolio include Pacer Industrials and Logistics ETF (SHPP), UPHOLDINGS Compound Kings ETF (KNGS), Gabelli Growth Innovators ETF (GGRW), iShares Expanded Tech-Software Sector ETF (IGV), First Trust Multi-Manager Large Growth ETF (MMLG), 2ndVote Life Neutral Plus ETF (LYFE), Franklin Exponential Data ETF (XDAT) and TrueShares Technology, AI & Deep Learning ETF (LRNZ).
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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.60%), Price T Rowe Associates Inc. MD (5.84%), State Street Corp (3.97%), Geode Capital Management LLC (1.76%), Franklin Resources Inc. (1.58%) and Sands Capital Management LLC (1.16%). 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, 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.
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 $557.55.
How much money does ServiceNow make?: ServiceNow (NYSE:NOW) has a market capitalization of $113.60 billion and generates $7.25 billion in revenue each year. The information technology services provider earns $325 million in net income (profit) each year or $1.96 on an earnings per share basis.
How many employees does ServiceNow have?: The company employs 20,433 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
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 6/5/2023 by MarketBeat.com Staff

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ServiceNow (NOW) Stock Forecast, Price & News

ServiceNow MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ServiceNow (NYSE:NOW) Stock

NOW Stock News Headlines

NOW Price History

NOW Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

NOW Stock - Frequently Asked Questions

Overall MarketRank^™