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ServiceNow - NOW Stock Forecast, Price & News

$498.60
-5.47 (-1.09%)
(As of 08/16/2022 11:40 AM ET)
Add
Compare
Today's Range
$491.65
$499.65
50-Day Range
$420.97
$516.20
52-Week Range
$406.47
$707.60
Volume
41,673 shs
Average Volume
1.86 million shs
Market Capitalization
$100.72 billion
P/E Ratio
547.91
Dividend Yield
N/A
Price Target
$594.97

ServiceNow MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
20.1% Upside
$594.97 Price Target
Short Interest
Healthy
1.58% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.80
Upright™ Environmental Score
News Sentiment
0.25mentions of ServiceNow in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$15.64 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.

2.69 out of 5 stars

Computer And Technology Sector

128th out of 664 stocks

Prepackaged Software Industry

31st out of 231 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 Down 0.5 %

NOW opened at $504.07 on Tuesday. ServiceNow has a 52 week low of $406.47 and a 52 week high of $707.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.35. The business's fifty day simple moving average is $468.30 and its 200 day simple moving average is $502.87. The stock has a market cap of $101.82 billion, a PE ratio of 553.92, a P/E/G ratio of 10.28 and a beta of 0.94.

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

Wall Street Analyst Weigh In

NOW has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of ServiceNow from $540.00 to $515.00 and set a "buy" rating for the company in a research note on Thursday, July 28th. TheStreet lowered shares of ServiceNow from a "b-" rating to a "c+" rating in a research report on Tuesday, April 26th. Citigroup reduced their price target on shares of ServiceNow from $600.00 to $575.00 and set a "buy" rating for the company in a research report on Thursday, July 28th. Wells Fargo & Company dropped their price objective on ServiceNow from $600.00 to $550.00 and set an "overweight" rating on the stock in a report on Monday, July 25th. Finally, Truist Financial dropped their price objective on ServiceNow from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and a consensus target price of $598.84.

Insider Activity

In related news, insider Lara Caimi sold 977 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $514.96, for a total value of $503,115.92. Following the completion of the transaction, the insider now directly owns 43 shares in the company, valued at approximately $22,143.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Chirantan Jitendra Desai sold 7,000 shares of the business's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $477.52, for a total value of $3,342,640.00. Following the transaction, the chief operating officer now owns 38,980 shares of the company's stock, valued at $18,613,729.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lara Caimi sold 977 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $514.96, for a total value of $503,115.92. Following the transaction, the insider now owns 43 shares of the company's stock, valued at approximately $22,143.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,362 shares of company stock worth $15,644,017. Insiders own 0.28% of the company's stock.

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NOW Stock News Headlines

ServiceNow (NYSE:NOW) Research Coverage Started at Guggenheim
ServiceNow, Inc. (NYSE:NOW) Short Interest Update
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NOW Company Calendar

Last Earnings
7/27/2022
Today
8/16/2022
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
$594.97
High Stock Price Forecast
$805.00
Low Stock Price Forecast
$460.00
Forecasted Upside/Downside
+19.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
32 Analysts

Profitability

Net Income
$230 million
Pretax Margin
3.24%

Debt

Sales & Book Value

Annual Sales
$5.90 billion
Cash Flow
$5.34 per share
Book Value
$18.57 per share

Miscellaneous

Free Float
201,434,000
Market Cap
$100.72 billion
Optionable
Optionable
Beta
0.94

Social Links















NOW Stock - Frequently Asked Questions

Should I buy or sell ServiceNow stock right now?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ServiceNow in the last year. There are currently 2 sell ratings, 2 hold ratings and 28 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 2022?

32 equities research analysts have issued 1-year target prices for ServiceNow's shares. Their NOW share price forecasts range from $460.00 to $805.00. On average, they predict the company's share price to reach $594.97 in the next twelve months. This suggests a possible upside of 18.0% 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 2022?

ServiceNow's stock was trading at $649.11 at the beginning of the year. Since then, NOW stock has decreased by 22.3% and is now trading at $504.07.
View the best growth stocks for 2022 here
.

Are investors shorting ServiceNow?

ServiceNow saw a decrease in short interest in July. As of July 31st, there was short interest totaling 3,190,000 shares, a decrease of 20.3% from the July 15th total of 4,000,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is presently 1.7 days.
View ServiceNow's Short Interest
.

When is ServiceNow's next earnings date?

The company 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) posted its earnings results on Wednesday, July, 27th. The information technology services provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.08. The information technology services provider earned $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. ServiceNow had a trailing twelve-month return on equity of 7.22% and a net margin of 2.79%. The firm's revenue was up 24.3% on a year-over-year basis. During the same period in the prior 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 a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.86%), Franklin Resources Inc. (1.68%), Sands Capital Management LLC (1.34%), Brown Advisory Inc. (1.19%), Northern Trust Corp (1.09%) and Massachusetts Financial Services Co. MA (0.93%). 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.
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 $504.07.

How much money does ServiceNow make?

ServiceNow (NYSE:NOW) has a market capitalization of $101.82 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?

The company 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 8/16/2022 by MarketBeat.com Staff

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