ServiceNowNOW
Market Cap: $170B
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 Q2 SEC filings by fund managers ($100M+ AUM)
40% more repeat investments, than reductions
Existing positions increased: 807 | Existing positions reduced: 575
28% more first-time investments, than exits
New positions opened: 201 | Existing positions closed: 157
7% more funds holding in top 10
Funds holding in top 10: 67 [Q1] → 72 (+5) [Q2]
2% more funds holding
Funds holding: 1,770 [Q1] → 1,814 (+44) [Q2]
1% more capital invested
Capital invested by funds: $140B [Q1] → $142B (+$2.01B) [Q2]
1.8% less ownership
Funds ownership: 89.67% [Q1] → 87.87% (-1.8%) [Q2]
30% less call options, than puts
Call options by funds: $2.93B | Put options by funds: $4.17B
Research analyst outlook
20 Wall Street Analysts provided 1 year price targets over the past 3 months
20 analyst ratings
JMP Securities Patrick Walravens 42% 1-year accuracy 42 / 100 met price target | 3%upside $850 | Market Outperform Maintained | 25 Jul 2024 |
TD Cowen Derrick Wood 62% 1-year accuracy 8 / 13 met price target | 9%upside $900 | Buy Maintained | 25 Jul 2024 |
Wells Fargo Michael Turrin 54% 1-year accuracy 40 / 74 met price target | 13%upside $935 | Overweight Maintained | 25 Jul 2024 |
Deutsche Bank Brad Zelnick 30% 1-year accuracy 3 / 10 met price target | 9%upside $900 | Buy Maintained | 25 Jul 2024 |
RBC Capital Matthew Hedberg 51% 1-year accuracy 61 / 119 met price target | 7%upside $880 | Outperform Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 50 articles about NOW published over the past 30 days