ServiceNow (NOW)

• Market cap: $165B
• 1 day: -3.65%
• 5 days: -5.73%
• 1 month: -14.23%
• 3 months: -25.31%
• 6 months: -10.83%
• Year to date: -24.36%
• 1 year: 4.60%
• 5 years: 178.46%
• 10 years: 903.89%
• Sector: Information Technology
• Industry: Prepackaged Software

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: 26,293

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

478% more first-time investments, than exits

New positions opened: 387 | Existing positions closed: 67

30% more funds holding in top 10

Funds holding in top 10: 76 [Q3] → 99 (+23) [Q4]

17% more capital invested

Capital invested by funds: $166B [Q3] → $194B (+$28.2B) [Q4]

14% more funds holding

Funds holding: 1,907 [Q3] → 2,183 (+276) [Q4]

2% more repeat investments, than reductions

Existing positions increased: 771 | Existing positions reduced: 757

1.8% less ownership

Funds ownership: 90.62% [Q3] → 88.81% (-1.8%) [Q4]

25% less call options, than puts

Call options by funds: $3.88B | Put options by funds: $5.14B

Research analyst outlook

16 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $716 10% downside
• Avg. target: $1,165 46% upside
• High target: $1,426 79% upside

16 analyst ratings

• positive: 15 94%
• neutral: 0 0%
• negative: 1 6%

Baird Rob Oliver 37% 1-year accuracy 14 / 38 met price target	27% upside $1,010	Outperform Maintained	26 Mar 2025
Mizuho Gregg Moskowitz 50% 1-year accuracy 23 / 46 met price target	38% upside $1,100	Outperform Maintained	11 Mar 2025
Cantor Fitzgerald Thomas Blakey 36% 1-year accuracy 9 / 25 met price target	31% upside $1,048	Overweight Reiterated	11 Mar 2025
UBS Karl Keirstead 38% 1-year accuracy 6 / 16 met price target	25% upside $1,000	Buy Maintained	11 Mar 2025
Citizens Capital Markets Patrick Walravens 67% 1-year accuracy 73 / 109 met price target	63% upside $1,300	Market Outperform Reiterated	11 Mar 2025