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: 26,293
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
466% more first-time investments, than exits
New positions opened: 362 | Existing positions closed: 64
29% more funds holding in top 10
Funds holding in top 10: 76 [Q3] → 98 (+22) [Q4]
16% more capital invested
Capital invested by funds: $166B [Q3] → $193B (+$27.2B) [Q4]
11% more funds holding
Funds holding: 1,904 [Q3] → 2,115 (+211) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 756 | Existing positions reduced: 732
2.35% less ownership
Funds ownership: 90.77% [Q3] → 88.43% (-2.35%) [Q4]
25% less call options, than puts
Call options by funds: $3.88B | Put options by funds: $5.14B
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Citigroup Tyler Radke 68% 1-year accuracy 39 / 57 met price target | 52%upside $1,426 | Buy Maintained | 4 Feb 2025 |
Jefferies Samad Samana 76% 1-year accuracy 13 / 17 met price target | 33%upside $1,250 | Buy Maintained | 30 Jan 2025 |
Canaccord Genuity David Hynes 64% 1-year accuracy 67 / 104 met price target | 36%upside $1,275 | Buy Maintained | 30 Jan 2025 |
Oppenheimer Brian Schwartz 48% 1-year accuracy 23 / 48 met price target | 28%upside $1,200 | Outperform Maintained | 30 Jan 2025 |
RBC Capital Matthew Hedberg 72% 1-year accuracy 154 / 213 met price target | 29%upside $1,210 | Outperform Reiterated | 30 Jan 2025 |
Financial journalist opinion
Based on 46 articles about NOW published over the past 30 days
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