ServiceNow (NOW)

• Market cap: $225B
• 1 day: 1.52%
• 5 days: -2.38%
• 1 month: 6.67%
• 3 months: 16.42%
• 6 months: 48.61%
• Year to date: 58.72%
• 1 year: 57.29%
• 5 years: 286.11%
• 10 years: 1,465.41%
• Sector: Information Technology
• Industry: Prepackaged Software

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)

40% more first-time investments, than exits

New positions opened: 201 | Existing positions closed: 144

9% more capital invested

Capital invested by funds: $147B [Q2] → $160B (+$13.2B) [Q3]

3% more funds holding

Funds holding: 1,840 [Q2] → 1,897 (+57) [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: 697

3.69% less ownership

Funds ownership: 91.33% [Q2] → 87.64% (-3.69%) [Q3]

16% less call options, than puts

Call options by funds: $3.55B | Put options by funds: $4.22B

Research analyst outlook

22 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $913 16% downside
• Avg. target: $1,074 2% downside
• High target: $1,300 19% upside

22 analyst ratings

• positive: 20 91%
• neutral: 2 9%
• negative: 0 0%

Canaccord Genuity David Hynes 64% 1-year accuracy 63 / 98 met price target	10% upside $1,200	Buy Maintained	20 Dec 2024
Mizuho Gregg Moskowitz 59% 1-year accuracy 30 / 51 met price target	11% upside $1,210	Outperform Maintained	13 Dec 2024
Truist Securities Joel Fishbein 70% 1-year accuracy 52 / 74 met price target	1% upside $1,100	Hold Maintained	12 Dec 2024
TD Cowen Derrick Wood 74% 1-year accuracy 14 / 19 met price target	19% upside $1,300	Buy Maintained	10 Dec 2024
Wells Fargo Michael Turrin 59% 1-year accuracy 48 / 82 met price target	15% upside $1,250	Overweight Maintained	5 Dec 2024