ServiceNow (NYSE:NOW) Price Target Cut to $170.00 by Analysts at BMO Capital Markets

ServiceNow (NYSE:NOW) had its price objective decreased by BMO Capital Markets from $175.00 to $170.00 in a research note issued to investors on Thursday morning, Marketbeat reports. BMO Capital Markets currently has an outperform rating on the information technology services provider’s stock.

Several other research analysts have also issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ServiceNow in a research report on Thursday, January 22nd. Oppenheimer restated an “outperform” rating and set a $175.00 price objective (down previously from $200.00) on shares of ServiceNow in a report on Wednesday, January 21st. The Goldman Sachs Group lowered shares of ServiceNow from a “buy” rating to a “sell” rating in a research report on Monday, January 12th. Jefferies Financial Group dropped their target price on shares of ServiceNow from $230.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Finally, Morgan Stanley set a $263.00 price target on shares of ServiceNow and gave the company an “overweight” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $194.79.

ServiceNow Price Performance

NYSE NOW opened at $116.87 on Thursday. The company has a market cap of $121.35 billion, a PE ratio of 70.06, a P/E/G ratio of 2.23 and a beta of 0.98. The firm’s 50 day moving average price is $150.71 and its 200-day moving average price is $171.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.06 and a current ratio of 1.06. ServiceNow has a 52-week low of $113.13 and a 52-week high of $211.48.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a return on equity of 19.47% and a net margin of 13.16%.The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. ServiceNow’s revenue was up 20.7% on a year-over-year basis. Sell-side analysts forecast that ServiceNow will post 8.93 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $161.60, for a total transaction of $242,400.00. Following the transaction, the director directly owned 47,930 shares of the company’s stock, valued at $7,745,488. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gina Mastantuono sold 2,085 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $161.60, for a total transaction of $336,936.00. Following the completion of the transaction, the chief financial officer directly owned 63,215 shares in the company, valued at $10,215,544. This represents a 3.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,310 shares of company stock worth $2,533,585 over the last quarter. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in ServiceNow by 1.1% during the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock worth $2,919,000 after buying an additional 30 shares during the period. Sivia Capital Partners LLC boosted its position in shares of ServiceNow by 4.2% during the second quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider’s stock worth $861,000 after buying an additional 34 shares during the period. Sound Income Strategies LLC grew its stake in shares of ServiceNow by 66.7% in the second quarter. Sound Income Strategies LLC now owns 45 shares of the information technology services provider’s stock valued at $46,000 after buying an additional 18 shares in the last quarter. XML Financial LLC purchased a new stake in shares of ServiceNow in the 2nd quarter valued at $243,000. Finally, Consolidated Portfolio Review Corp lifted its stake in ServiceNow by 38.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 836 shares of the information technology services provider’s stock worth $859,000 after acquiring an additional 234 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Q4 results beat revenue and EPS estimates and management highlighted accelerating AI adoption (Now Assist usage, strong enterprise deals). NOW Q4 Earnings Beat Estimates
• Positive Sentiment: Board authorized an additional $5 billion repurchase program (including $2B accelerated), which should support EPS and offset dilution. Q4 Results & $5B Buyback
• Positive Sentiment: Expanded AI partnerships (Anthropic, OpenAI) and new large customer deployments (Fiserv, Panasonic) reinforce long‑term AI monetization potential. ServiceNow inks Anthropic deal
• Neutral Sentiment: Several firms reaffirm buy/overweight ratings (DA Davidson, Cantor Fitzgerald, BTIG, Needham, UBS) even as some adjust targets — showing conviction but varied views on valuation. Analyst coverage roundup
• Neutral Sentiment: Company reiterated a bullish 2026 outlook overall, but guidance contained nuances investors parsed closely (subscription revenue growth guidance mid-to-high teens vs. prior pace). Q4 release & guidance
• Negative Sentiment: Investors reacted to guidance that implies a modest deceleration in subscription growth (management guided ~19.5%–20.0% subscription growth for 2026), prompting concern about acceleration. ServiceNow guides to steeper slowdown
• Negative Sentiment: Wider market fear of AI disruption and a selloff in software names amplified the move; major headlines flagged a sectorwide slide and “bear market” language. US software stocks slide
• Negative Sentiment: Several analysts trimmed price targets (KeyCorp cut to $115/underweight, Macquarie cut to $140, others trimmed targets), adding downward pressure despite some buy ratings. Analyst target cuts

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.