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)
67% more first-time investments, than exits
New positions opened: 202 | Existing positions closed: 121
10% more capital invested
Capital invested by funds: $151B [Q2] → $166B (+$14.7B) [Q3]
3% more funds holding
Funds holding: 1,841 [Q2] → 1,899 (+58) [Q3]
3% more funds holding in top 10
Funds holding in top 10: 74 [Q2] → 76 (+2) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 752 | Existing positions reduced: 698
3.2% less ownership
Funds ownership: 93.97% [Q2] → 90.77% (-3.2%) [Q3]
17% less call options, than puts
Call options by funds: $3.56B | Put options by funds: $4.32B
Research analyst outlook
22 Wall Street Analysts provided 1 year price targets over the past 3 months
22 analyst ratings
JMP Securities Patrick Walravens 57% 1-year accuracy 60 / 105 met price target | 19%upside $1,300 | Market Outperform Maintained | 21 Jan 2025 |
Cantor Fitzgerald Thomas Blakey 78% 1-year accuracy 25 / 32 met price target | 21%upside $1,332 | Overweight Initiated | 16 Jan 2025 |
Goldman Sachs Kash Rangan 60% 1-year accuracy 18 / 30 met price target | 9%upside $1,200 | Buy Maintained | 10 Jan 2025 |
Piper Sandler Rob Owens 63% 1-year accuracy 17 / 27 met price target | 9%upside $1,200 | Overweight Maintained | 6 Jan 2025 |
RBC Capital Matthew Hedberg 67% 1-year accuracy 147 / 219 met price target | 10%upside $1,210 | Outperform Maintained | 3 Jan 2025 |
Financial journalist opinion
Based on 31 articles about NOW published over the past 30 days
