ServiceNow (NOW) Stock Forecast & Price Target

$1,012.00 -10.10 (-0.99%)

(As of 12:16 PM ET)

ServiceNow - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 29 Analyst Ratings

Sell
1

Hold
2

Buy
26

Based on 29 Wall Street analysts who have issued ratings for ServiceNow in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 29 analysts, 1 has given a sell rating, 2 have given a hold rating, 25 have given a buy rating, and 1 has given a strong buy rating for NOW.

Consensus Price Target

$986.39
-2.53% Downside

According to the 29 analysts' twelve-month price targets for ServiceNow, the average price target is $986.39. The highest price target for NOW is $1,230.00, while the lowest price target for NOW is $640.00. The average price target represents a forecasted downside of -2.53% from the current price of $1,012.00.

NOW Analyst Ratings Over Time

Type	Current Forecast 11/21/23 to 11/20/24	1 Month Ago 10/22/23 to 10/21/24	3 Months Ago 8/23/23 to 8/22/24	1 Year Ago 11/21/22 to 11/21/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	24 Buy rating(s)	25 Buy rating(s)	27 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$986.39	$923.00	$849.62	$614.77
Forecasted Upside	-2.53% Downside	0.51% Upside	3.46% Upside	-8.02% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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NOW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NOW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ServiceNow Stock vs. The Competition

Type	ServiceNow	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.90	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-3.50% Downside	551.96% Upside	9.99% Upside
News Sentiment Rating	Positive News See Recent NOW News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/19/2024	Mizuho 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$980.00 ➝ $1,070.00	+6.43%
11/19/2024	Scotiabank 5 of 5 stars		Initiated Coverage	Sector Outperform	$1,230.00	+22.45%
11/12/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$1,050.00 ➝ $1,150.00	+10.91%
10/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$1,068.00 ➝ $1,071.00	+12.63%
10/24/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$906.00 ➝ $913.00	-4.01%
10/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$985.00 ➝ $1,045.00	+9.29%
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10/24/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$1,020.00 ➝ $1,040.00	+8.23%
10/24/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$900.00 ➝ $990.00	+3.02%
10/24/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$950.00 ➝ $1,000.00	+2.25%
10/24/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$850.00 ➝ $1,000.00	+4.06%
10/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$820.00 ➝ $950.00	+4.66%
10/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$980.00 ➝ $1,000.00	+10.17%
10/24/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$900.00 ➝ $1,075.00	+18.43%
10/24/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$850.00 ➝ $1,000.00	+10.17%
10/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$900.00 ➝ $975.00	+7.42%
10/23/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$780.00 ➝ $900.00	-1.51%
10/21/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$900.00 ➝ $1,000.00	+10.86%
10/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$900.00 ➝ $960.00	+4.15%
10/17/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian Schwartz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$825.00 ➝ $1,020.00	+9.57%
10/17/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$850.00 ➝ $1,000.00	+8.83%
10/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$900.00 ➝ $1,100.00	+20.05%
10/10/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$860.00 ➝ $1,025.00	+9.13%
10/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$900.00 ➝ $1,055.00	+14.02%
7/25/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$875.00 ➝ $900.00	+6.77%
7/8/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Difucci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Sell	$640.00	-20.64%
5/10/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$830.00	+13.73%
5/7/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
1/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$800.00 ➝ $910.00	+17.88%
12/6/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$675.00 ➝ $770.00	+11.35%
9/15/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$704.00	+19.30%
7/27/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$549.00 ➝ $600.00	+3.90%
7/19/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$600.00 ➝ $700.00	+17.23%
4/28/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$410.00	-9.76%
4/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
1/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$600.00 ➝ $575.00	+24.17%
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$520.00 ➝ $530.00	+18.10%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:32 PM ET.

Should I Buy ServiceNow Stock? NOW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 7, 2024. Please send any questions or comments about these ServiceNow pros and cons to contact@marketbeat.com.

ServiceNow
Bull Case

Here are some ways that investors could benefit from investing in ServiceNow, Inc.:

ServiceNow, Inc. stock price has been showing an upward trend, reaching $905.94 on the latest trading day, indicating potential growth.
ServiceNow, Inc. has a strong market capitalization of $185.72 billion, reflecting the company's stability and market presence.
Analysts have given ServiceNow, Inc. an average rating of Moderate Buy with a price target of $859.04, suggesting positive sentiment towards the stock.
ServiceNow, Inc. reported strong quarterly earnings results, surpassing the consensus estimate and demonstrating solid financial performance.
Insiders of ServiceNow, Inc. have been actively selling shares, indicating confidence in the company's future prospects.

ServiceNow
Bear Case

Investors should be bearish about investing in ServiceNow, Inc. for these reasons:

ServiceNow, Inc. stock has a high price-to-earnings ratio of 96.89, which may indicate the stock is overvalued compared to its earnings.
ServiceNow, Inc. stock price has experienced volatility, with fluctuations in the trading price, potentially leading to uncertainty for investors.
ServiceNow, Inc. stock's price-to-earnings-growth ratio of 5.55 may suggest that the stock is relatively expensive in terms of its growth prospects.
ServiceNow, Inc. stock's beta of 0.99 indicates a close correlation with the market, potentially subjecting it to market risks and fluctuations.
ServiceNow, Inc. stock's one-year high of $945.46 may pose a resistance level for further price appreciation, limiting potential gains for investors.

NOW Forecast - Frequently Asked Questions

: According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for ServiceNow is $986.39, with a high forecast of $1,230.00 and a low forecast of $640.00.
: 29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ServiceNow in the last twelve months. There is currently 1 sell rating, 2 hold ratings, 25 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NOW shares.
: According to analysts, ServiceNow's stock has a predicted downside of -2.53% based on their 12-month stock forecasts.
: Over the previous 90 days, ServiceNow's stock had 1 upgrade and 1 downgrade by analysts.
: ServiceNow has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, Citigroup, Evercore ISI, Jefferies Financial Group, JMP Securities, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like ServiceNow more than other "computer and technology" companies. The consensus rating score for ServiceNow is 2.90 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how NOW compares to other companies.

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This page (NYSE:NOW) was last updated on 11/20/2024 by MarketBeat.com Staff

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ServiceNow (NOW) Stock Forecast & Price Target