Mizuho Cuts ServiceNow (NYSE:NOW) Price Target to $140.00

ServiceNow (NYSE:NOW) had its price objective reduced by Mizuho from $150.00 to $140.00 in a research report released on Thursday,MarketScreener reports. Mizuho currently has an outperform rating on the information technology services provider’s stock.

Several other equities research analysts also recently commented on the stock. Weiss Ratings downgraded shares of ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. TD Cowen lowered their target price on shares of ServiceNow from $185.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Robert W. Baird lowered their target price on shares of ServiceNow from $125.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday. Wall Street Zen downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Evercore lowered their target price on shares of ServiceNow from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.65.

ServiceNow Stock Up 6.3%

Shares of NYSE:NOW opened at $90.09 on Thursday. 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 0.13, a quick ratio of 1.00 and a current ratio of 0.84. The company has a market capitalization of $93.34 billion, a PE ratio of 53.69, a PEG ratio of 1.42 and a beta of 1.01. The company has a 50 day moving average price of $104.84 and a two-hundred day moving average price of $137.51.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting the consensus estimate of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 22.1% on a year-over-year basis. Analysts forecast that ServiceNow will post 2.49 earnings per share for the current year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction that occurred on Thursday, February 12th. The shares were 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 of the company’s stock, valued at approximately $4,697,323.10. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the completion of the transaction, the insider directly owned 11,757 shares in the company, valued at approximately $1,245,419.01. The trade was a 45.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,237 shares of company stock valued at $1,697,162. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Cohen Klingenstein LLC lifted its position in shares of ServiceNow by 400.0% in the fourth quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider’s stock worth $1,532,000 after purchasing an additional 8,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of ServiceNow by 385.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock worth $398,202,000 after purchasing an additional 2,064,440 shares in the last quarter. Natural Investments LLC lifted its position in shares of ServiceNow by 332.0% in the fourth quarter. Natural Investments LLC now owns 16,453 shares of the information technology services provider’s stock worth $2,520,000 after purchasing an additional 12,644 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of ServiceNow by 286.1% in the fourth quarter. Focus Financial Network Inc. now owns 53,650 shares of the information technology services provider’s stock worth $8,219,000 after purchasing an additional 39,756 shares in the last quarter. Finally, Telos Capital Management Inc. lifted its position in shares of ServiceNow by 706.0% in the fourth quarter. Telos Capital Management Inc. now owns 50,940 shares of the information technology services provider’s stock worth $7,803,000 after purchasing an additional 44,620 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company fundamentals and AI traction remain supportive — ServiceNow beat revenue/earnings views for Q1 and highlighted accelerating AI product adoption (Now Assist / AI agents) that management says will drive long‑term growth. ServiceNow Reports First Quarter 2026 Financial Results
• Positive Sentiment: Strategic moves boost the product and security stack — ServiceNow closed the $7.75B Armis acquisition (extends security capabilities) and deepened Google Cloud AI partnerships, which support cross‑sell and AI workflow positioning. Armis acquisition Google Cloud partnership
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed buy/overweight ratings (some even raised PTs), but many cut targets after the quarter; consensus still leaves upside from current levels, reflecting disagreement over near‑term vs. long‑term outlook. Analyst coverage
• Negative Sentiment: Geopolitical deal delays hit near‑term growth — Management said Middle East conflict delayed several large deal closings (≈75 bps revenue headwind in Q1), and that pushed investors to downgrade near‑term growth expectations. Middle East deal delays
• Negative Sentiment: Margin and guidance concerns — Investors focused on acquisition costs (Armis) and a softer margin outlook/full‑year subscription guidance that many viewed as disappointing, triggering the sector‑wide selloff. Margin/guidance coverage
• Negative Sentiment: Short interest jumped — Short interest rose ~30% in April to ~38.95M shares (~3.8% of shares), increasing potential downside pressure and volatility if bearish sentiment persists.

ServiceNow Company Profile

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.