ServiceNowNOW
About: ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Employees: 22,668
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
40% more repeat investments, than reductions
Existing positions increased: 811 | Existing positions reduced: 578
37% more first-time investments, than exits
New positions opened: 206 | Existing positions closed: 150
9% more funds holding in top 10
Funds holding in top 10: 67 [Q1] → 73 (+6) [Q2]
3% more funds holding
Funds holding: 1,775 [Q1] → 1,831 (+56) [Q2]
1% more capital invested
Capital invested by funds: $140B [Q1] → $142B (+$2.06B) [Q2]
1.77% less ownership
Funds ownership: 89.67% [Q1] → 87.91% (-1.77%) [Q2]
30% less call options, than puts
Call options by funds: $2.94B | Put options by funds: $4.17B
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Barclays Raimo Lenschow 44% 1-year accuracy 33 / 75 met price target | 4%upside $980 | Overweight Maintained | 11 Oct 2024 |
BMO Capital Keith Bachman 71% 1-year accuracy 44 / 62 met price target | 9%upside $1,025 | Outperform Maintained | 10 Oct 2024 |
Evercore ISI Group Kirk Materne 66% 1-year accuracy 19 / 29 met price target | 1%upside $950 | Outperform Maintained | 9 Oct 2024 |
UBS Karl Keirstead 79% 1-year accuracy 11 / 14 met price target | 12%upside $1,055 | Buy Maintained | 8 Oct 2024 |
Wells Fargo Michael Turrin 54% 1-year accuracy 40 / 74 met price target | 9%upside $1,025 | Overweight Maintained | 7 Oct 2024 |
Financial journalist opinion
Based on 33 articles about NOW published over the past 30 days