ServiceNow (NYSE:NOW) Stock Price Up 1.2% After Analyst Upgrade

ServiceNow, Inc. (NYSE:NOW) shares traded up 1.2% during trading on Monday after BNP Paribas Exane upgraded the stock from a neutral rating to an outperform rating. BNP Paribas Exane now has a $140.00 price target on the stock. ServiceNow traded as high as $117.20 and last traded at $114.9830. 12,252,114 shares were traded during trading, a decline of 38% from the average session volume of 19,779,225 shares. The stock had previously closed at $113.62.

Several other brokerages have also issued reports on NOW. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of ServiceNow in a research note on Thursday, January 29th. Wells Fargo & Company set a $225.00 price objective on ServiceNow and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Capital One Financial decreased their price objective on ServiceNow from $188.00 to $161.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. The Goldman Sachs Group set a $216.00 price objective on ServiceNow in a research report on Monday, February 2nd. Finally, HSBC cut their target price on ServiceNow from $266.40 to $226.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.61.

Insider Buying and Selling

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total transaction of $147,994.00. Following the sale, the insider owned 26,314 shares of the company’s stock, valued at $2,781,652.94. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the sale, the director owned 46,430 shares of the company’s stock, valued at $4,697,323.10. The trade was a 3.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,237 shares of company stock worth $1,697,162 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BNP Paribas upgraded NOW from “neutral” to “outperform” and set a $140 price target, giving the shares clear upside potential vs. current levels. ServiceNow (NOW) Stock Gets Bullish Upgrade From BNP Paribas
• Positive Sentiment: An analyst raised a price target (reported by The Motley Fool), helping lift sentiment and signaling some sell-side conviction that the recent pullback is overdone. Why ServiceNow Stock Edged Past the Market Today
• Positive Sentiment: Carahsoft expanded its reseller agreement to distribute the ServiceNow AI Platform across its 10,000+ reseller ecosystem in the U.S. and Canada, opening new commercial and public-sector channels. This broadens go-to-market reach into healthcare, financial services and critical infrastructure. Carahsoft and ServiceNow Expand Partnership
• Positive Sentiment: New partnerships (Cohesity, Aiva Health) integrate ServiceNow’s AI Control Tower into data resilience and front-line healthcare workflows, strengthening product stickiness in mission‑critical use cases. ServiceNow AI Expansion Tests Investor Views
• Neutral Sentiment: Short-term market performance notes: coverage pieces (Zacks) and commentary show NOW outperformed the market today but remains well below its 52‑week high after a YTD selloff — context for why upgrades have outsized impact. ServiceNow (NOW) Surpasses Market Returns
• Negative Sentiment: CEO Bill McDermott warned AI could materially displace entry‑level jobs (he predicted grad unemployment could exceed 30%), comments that feed headline risk and investor worry about AI’s disruptive impact on legacy SaaS revenue models. ServiceNow CEO says graduate unemployment could reach 30%

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NOW. Sei Investments Co. lifted its stake in shares of ServiceNow by 7.1% in the 3rd quarter. Sei Investments Co. now owns 396,517 shares of the information technology services provider’s stock valued at $364,903,000 after purchasing an additional 26,241 shares during the period. Temasek Holdings Private Ltd grew its stake in shares of ServiceNow by 29.8% during the third quarter. Temasek Holdings Private Ltd now owns 117,005 shares of the information technology services provider’s stock worth $107,677,000 after purchasing an additional 26,850 shares during the period. California Public Employees Retirement System increased its holdings in ServiceNow by 17.9% in the third quarter. California Public Employees Retirement System now owns 410,694 shares of the information technology services provider’s stock valued at $377,953,000 after purchasing an additional 62,346 shares during the last quarter. Victory Capital Management Inc. increased its holdings in ServiceNow by 49.3% in the third quarter. Victory Capital Management Inc. now owns 1,033,496 shares of the information technology services provider’s stock valued at $951,106,000 after purchasing an additional 341,037 shares during the last quarter. Finally, Ossiam lifted its stake in ServiceNow by 38.3% in the third quarter. Ossiam now owns 32,158 shares of the information technology services provider’s stock valued at $29,594,000 after buying an additional 8,902 shares during the period. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Up 1.2%

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $120.27 billion, a price-to-earnings ratio of 68.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. The firm has a 50 day simple moving average of $118.60 and a two-hundred day simple moving average of $154.58.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. As a group, sell-side analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

About ServiceNow

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.