ServiceNow (NYSE:NOW) Given New $121.00 Price Target at Royal Bank Of Canada

ServiceNow (NYSE:NOW) had its price objective cut by Royal Bank Of Canada from $150.00 to $121.00 in a report published on Monday,MarketScreener reports. They currently have an outperform rating on the information technology services provider’s stock.

Several other research analysts have also weighed in on the company. Benchmark initiated coverage on ServiceNow in a research report on Wednesday, April 1st. They set a “buy” rating and a $125.00 price target on the stock. BTIG Research decreased their price objective on ServiceNow from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Wells Fargo & Company lowered their target price on ServiceNow from $225.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. DZ Bank upgraded ServiceNow to a “strong-buy” rating in a report on Thursday, December 18th. Finally, BMO Capital Markets reduced their price target on shares of ServiceNow from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $186.30.

ServiceNow Trading Up 7.4%

ServiceNow stock opened at $89.13 on Monday. The company has a 50 day moving average price of $106.70 and a 200 day moving average price of $142.82. ServiceNow has a 52 week low of $81.24 and a 52 week high of $211.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $92.36 billion, a price-to-earnings ratio of 53.44, a P/E/G ratio of 1.39 and a beta of 1.01.

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

Insider Transactions at ServiceNow

In related news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the transaction, the director owned 46,430 shares in the company, valued at approximately $4,697,323.10. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Fipps sold 3,696 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $101.77, for a total transaction of $376,141.92. Following the transaction, the insider directly owned 8,061 shares in the company, valued at approximately $820,367.97. The trade was a 31.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,237 shares of company stock valued at $1,697,162 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NOW. IAG Wealth Partners LLC increased its position in ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after buying an additional 18 shares during the last quarter. Noble Wealth Management PBC lifted its position in shares of ServiceNow by 400.0% in the fourth quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider’s stock worth $25,000 after buying an additional 128 shares during the last quarter. Millstone Evans Group LLC boosted its stake in shares of ServiceNow by 400.0% during the 4th quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 132 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of ServiceNow by 540.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. Finally, Blueline Advisors LLC acquired a new position in shares of ServiceNow during the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Qlik partnership strengthens ServiceNow’s AI/data story by bringing “trusted enterprise context” into AI-powered workflows—could boost product differentiation and adoption if integrated successfully. Qlik and ServiceNow Partner to Bring Trusted Enterprise Context into AI-Powered Workflows
• Positive Sentiment: Coverage noting a $100 price target frames some institutional investors as defending the stock against AI-disruption fears—signals pockets of investor conviction that could limit downside. ServiceNow’s $100 Price Target: Institutional Bet Defies AI Disruption Fears
• Neutral Sentiment: RBC lowered its price target from $150 to $121 but kept an “outperform” rating—reduces near-term valuation support but still implies substantial upside from current levels. RBC Adjusts Price Target on ServiceNow to $121 from $150; Maintains Outperform Rating
• Negative Sentiment: UBS cut NOW to Neutral—a direct downgrade that typically pressures the stock as model/projections are reweighted. ServiceNow (NYSE:NOW) Cut to Neutral at UBS Group
• Negative Sentiment: Analyst commentary and op-eds argue ServiceNow still trades richly versus peers and that a valuation correction may not be over—heightens selling pressure on momentum and growth expectations. ServiceNow: Still Trading Richly Above Peers, Correction Is Far From Over
• Negative Sentiment: Coverage highlights Wall Street skepticism about ServiceNow’s AI pivot—narrative risk for a stock trading at premium multiples if investors doubt execution or competitive position. ServiceNow’s AI Pivot Meets Wall Street’s Skepticism
• Negative Sentiment: News aggregators flagged NOW among recent large-cap losers amid macro concerns, AI competition and analyst downgrades—reinforces short-term downward momentum. Cloudflare, ServiceNow, And Guardant Health Are Among Top 10 Large-Cap Losers Last Week
• Negative Sentiment: Reports noted a sizeable intraday share drop tied to analyst downgrades—evidence that negative broker moves are directly moving the tape. ServiceNow (NYSE:NOW) Shares Down 7.6% After Analyst Downgrade

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.