ServiceNow (NOW)

• Market cap: $168B
• 1 day: 5.98%
• 5 days: 1.01%
• 1 month: -4.36%
• 3 months: -28.35%
• 6 months: -10.46%
• Year to date: -22.92%
• 1 year: 9.68%
• 5 years: 173.35%
• 10 years: 957.10%
• Sector: Technology
• Industry: Software - Application

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 disclosures by fund managers ($100M+ AUM)

494% more first-time investments, than exits

New positions opened: 392 | Existing positions closed: 66

30% more funds holding in top 10

Funds holding in top 10: 76 [Q3] → 99 (+23) [Q4]

21% more capital invested

Capital invested by funds: $160B [Q3] → $194B (+$33.8B) [Q4]

15% more funds holding

Funds holding: 1,909 [Q3] → 2,193 (+284) [Q4]

1.28% more ownership

Funds ownership: 87.46% [Q3] → 88.74% (+1.28%) [Q4]

3% more repeat investments, than reductions

Existing positions increased: 777 | Existing positions reduced: 755

25% less call options, than puts

Call options by funds: $3.88B | Put options by funds: $5.14B

Research analyst outlook

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

• Low target: $716 12% downside
• Avg. target: $1,041 28% upside
• High target: $1,300 60% upside

23 analyst ratings

• positive: 20 87%
• neutral: 2 9%
• negative: 1 4%

Citigroup Tyler Radke 30% 1-year accuracy 16 / 54 met price target	33% upside $1,082	Buy Maintained	22 Apr 2025
BMO Capital Keith Bachman 33% 1-year accuracy 19 / 58 met price target	17% upside $950	Outperform Maintained	22 Apr 2025
JP Morgan Mark Murphy 32% 1-year accuracy 16 / 50 met price target	19% upside $970	Overweight Maintained	22 Apr 2025
Canaccord Genuity David Hynes 30% 1-year accuracy 33 / 111 met price target	11% upside $900	Buy Maintained	22 Apr 2025
Barclays Raimo Lenschow 36% 1-year accuracy 33 / 92 met price target	19% upside $967	Overweight Maintained	21 Apr 2025