ServiceNowNOW
About: ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Employees: 22,668
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
27% more first-time investments, than exits
New positions opened: 197 | Existing positions closed: 155
9% more capital invested
Capital invested by funds: $147B [Q2] → $160B (+$13.1B) [Q3]
3% more funds holding in top 10
Funds holding in top 10: 74 [Q2] → 76 (+2) [Q3]
2% more funds holding
Funds holding: 1,839 [Q2] → 1,881 (+42) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 750 | Existing positions reduced: 691
1.39% less ownership
Funds ownership: 91.3% [Q2] → 89.9% (-1.39%) [Q3]
16% less call options, than puts
Call options by funds: $3.55B | Put options by funds: $4.22B
Research analyst outlook
30 Wall Street Analysts provided 1 year price targets over the past 3 months
30 analyst ratings
Mizuho Gregg Moskowitz 71% 1-year accuracy 25 / 35 met price target | 1%upside $1,070 | Outperform Maintained | 19 Nov 2024 |
Wells Fargo Michael Turrin 61% 1-year accuracy 51 / 83 met price target | 8%upside $1,150 | Overweight Maintained | 12 Nov 2024 |
Citigroup Tyler Radke 59% 1-year accuracy 27 / 46 met price target | 1%upside $1,071 | Buy Maintained | 25 Oct 2024 |
Bernstein Peter Weed 93% 1-year accuracy 13 / 14 met price target | 14%downside $913 | Outperform Maintained | 24 Oct 2024 |
RBC Capital Matthew Hedberg 63% 1-year accuracy 69 / 109 met price target | 1%downside $1,045 | Outperform Maintained | 24 Oct 2024 |
Financial journalist opinion
Based on 44 articles about NOW published over the past 30 days
