NYSE:NOW

ServiceNow - NOW Stock Forecast, Price & News

$449.57

-9.29 (-2.02%)

(As of 01/30/2023 12:42 PM ET)

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Today's Range: $440.12
▼
$453.18
50-Day Range: $366.32
▼
$463.07
52-Week Range: $337.00
▼
$621.41

Volume: 1.14 million shs
Average Volume: 2.03 million shs
Market Capitalization: $90.81 billion

P/E Ratio: 280.98
Dividend Yield: N/A
Price Target: $517.47

Institutional Ownership

ServiceNow MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 17.5% Upside
$517.47 Price Target
Short Interest: Healthy
1.44% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.80
Upright™ Environmental Score
News Sentiment: 0.30
Based on 52 Articles This Week
Insider Trading: Selling Shares
$6.24 M Sold Last Quarter
Proj. Earnings Growth: 50.20%
From $2.51 to $3.77 Per Share

Overall MarketRank^™

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

2.82 out of 5 stars

Computer And Technology Sector

55th out of 630 stocks

Prepackaged Software Industry

12th out of 216 stocks

3.4

Analyst's Opinion

Consensus Rating
ServiceNow has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 25 buy ratings, 1 hold rating, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $517.47, ServiceNow has a forecasted upside of 17.5% from its current price of $440.35.
Amount of Analyst Coverage
ServiceNow has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.44% 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 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ServiceNow has recently decreased by 15.45%, indicating that investor sentiment is improving significantly.

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.

2.9

News and Social Media Coverage

News Sentiment
ServiceNow has a news sentiment score of 0.30. 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 0.53 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 52 news articles for ServiceNow this week, compared to 9 articles on an average week.
Search Interest
50 people have searched for NOW on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
30 people have added ServiceNow to their MarketBeat watchlist in the last 30 days. This is an increase of 36% 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 $6,236,510.00 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 50.20% in the coming year, from $2.51 to $3.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ServiceNow is 275.22, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 124.31.
Price to Earnings Ratio vs. Sector
The P/E ratio of ServiceNow is 275.22, 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 315.52.
Price to Earnings Growth Ratio
ServiceNow has a PEG Ratio of 6.47. 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 17.68. 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. It offers its solutions for the industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil & gas, education, and consumer products. 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

January 30, 2023 | fool.com

Is ServiceNow Stock a Buy?

January 30, 2023 | americanbankingnews.com

ServiceNow (NYSE:NOW) Given New $575.00 Price Target at Credit Suisse Group

January 30, 2023 | Investing Trends (Ad)

Solar Industry at Start of Long Bull Run?

The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.

January 30, 2023 | americanbankingnews.com

Sanford C. Bernstein Cuts ServiceNow (NYSE:NOW) Price Target to $586.00

January 30, 2023 | americanbankingnews.com

ServiceNow (NYSE:NOW) Price Target Increased to $525.00 by Analysts at Piper Sandler