ServiceNow (NOW) Stock Forecast, Price & News

28 Wall Street equities research 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 equities research analysts is that investors should "buy" NOW shares.
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28 equities research analysts have issued 12 month price targets for ServiceNow's shares. Their NOW share price forecasts range from $410.00 to $665.00. On average, they expect the company's stock price to reach $530.33 in the next year. This suggests that the stock has a possible downside of 3.3%.
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ServiceNow's stock was trading at $388.27 at the beginning of the year. Since then, NOW stock has increased by 41.2% and is now trading at $548.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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ServiceNow, Inc. (NYSE:NOW) issued its quarterly earnings results on Wednesday, October, 27th. The information technology services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.16. The information technology services provider earned $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. ServiceNow had a net margin of 5.25% and a trailing twelve-month return on equity of 10.18%. The business's quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS.
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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).

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 many different institutional and retail investors. Top institutional shareholders 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.
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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 $548.18.

ServiceNow (NYSE:NOW) has a market capitalization of $111.69 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.

The company employs 20,433 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.