NOW stock icon

ServiceNow
NOW

$754.81
2.06%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 37 analysts
0
News positive %
of 44 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

35% more first-time investments, than exits

New positions opened: 186 | Existing positions closed: 138

21% more repeat investments, than reductions

Existing positions increased: 741 | Existing positions reduced: 610

7% more capital invested

Capital invested by funds: $126B [Q4 2023] → $134B (+$8.42B) [Q1 2024]

3% more funds holding

Funds holding: 1,698 [Q4 2023] → 1,746 (+48) [Q1 2024]

0.79% less ownership

Funds ownership: 87.19% [Q4 2023] → 86.41% (-0.79%) [Q1 2024]

21% less funds holding in top 10

Funds holding in top 10: 84 [Q4 2023] → 66 (-18) [Q1 2024]

30% less call options, than puts

Call options by funds: $2.46B | Put options by funds: $3.5B

Research analyst outlook

37 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$700
7%
downside
Avg. target
$862
14%
upside
High target
$1,000
32%
upside

37 analyst ratings

35 positive
95%
neutral
5%
negative
0%
Needham
Mike Cikos
19%upside
$900
Buy
Reiterated
18 Jun 2024
Wolfe Research
Alex Zukin
10%upside
$830
Outperform
Reiterated
10 May 2024
Baird
Rob Oliver
17%upside
$885
Outperform
Maintained
7 May 2024
Needham
Mike Cikos
19%upside
$900
Buy
Reiterated
7 May 2024
Morgan Stanley
Keith Weiss
10%upside
$830
Overweight
Maintained
25 Apr 2024

Financial journalist opinion

Based on 44 articles about NOW published over the past 30 days