ServiceNow (NYSE:NOW) Rating Increased to Outperform at BNP Paribas Exane

BNP Paribas Exane upgraded shares of ServiceNow (NYSE:NOW) from a neutral rating to an outperform rating in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage currently has $140.00 price objective on the information technology services provider’s stock.

NOW has been the topic of a number of other research reports. Stifel Nicolaus set a $180.00 price target on ServiceNow and gave the stock a “buy” rating in a research note on Thursday, January 29th. Arete Research set a $200.00 price objective on shares of ServiceNow in a research report on Tuesday, January 6th. DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of ServiceNow in a research note on Thursday, January 29th. BMO Capital Markets dropped their target price on shares of ServiceNow from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Finally, UBS Group set a $115.00 price target on shares of ServiceNow in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.61.

ServiceNow Stock Up 1.2%

ServiceNow stock opened at $114.98 on Monday. ServiceNow has a 1-year low of $98.00 and a 1-year high of $211.48. The business has a fifty day moving average price of $118.60 and a 200-day moving average price of $154.58. 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 capitalization of $120.27 billion, a price-to-earnings ratio of 68.94, a PEG ratio of 1.92 and a beta of 0.99.

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. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities research analysts forecast that ServiceNow will post 8.93 EPS for the current fiscal year.

Insider Activity 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 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 in the company, valued at approximately $4,697,323.10. This represents a 3.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 of the company’s stock, valued at $820,367.97. This represents a 31.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,237 shares of company stock worth $1,697,162 over the last quarter. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Kilter Group LLC purchased a new position in shares of ServiceNow during the 2nd quarter valued at about $25,000. IAG Wealth Partners LLC boosted its stake in shares of ServiceNow by 200.0% in 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 grew its holdings in ServiceNow by 400.0% during the fourth quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 128 shares during the period. Millstone Evans Group LLC grew its holdings in ServiceNow by 400.0% during the fourth 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 during the period. Finally, CBIZ Investment Advisory Services LLC raised its position in ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Trending Headlines about 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%

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.