ServiceNow’s (NOW) Neutral Rating Reiterated at Macquarie

Macquarie reissued their neutral rating on shares of ServiceNow (NYSE:NOW) in a research note published on Thursday,Benzinga reports. The firm currently has a $172.00 price objective on the information technology services provider’s stock.

Several other research firms have also recently commented on NOW. Barclays boosted their target price on ServiceNow from $242.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of ServiceNow in a research report on Wednesday, October 8th. Mizuho set a $210.00 price objective on ServiceNow in a research note on Tuesday, December 16th. Oppenheimer reiterated an “outperform” rating and issued a $230.00 price target on shares of ServiceNow in a research note on Thursday, December 18th. Finally, KeyCorp cut ServiceNow from a “sector weight” rating to an “underweight” rating and set a $155.00 price target on the stock. in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $218.18.

ServiceNow Stock Down 3.0%

Shares of NYSE:NOW opened at $141.76 on Thursday. The company has a 50 day moving average price of $161.98 and a two-hundred day moving average price of $178.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $147.21 billion, a PE ratio of 85.71, a PEG ratio of 2.44 and a beta of 0.98. ServiceNow has a 52 week low of $135.73 and a 52 week high of $239.62.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Vice Chairman Nicholas Tzitzon sold 2,610 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $165.42, for a total transaction of $431,735.76. Following the transaction, the insider owned 15,000 shares in the company, valued at approximately $2,481,240. This represents a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Fipps sold 1,525 shares of ServiceNow stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $163.51, for a total transaction of $249,352.75. Following the transaction, the insider owned 2,705 shares of the company’s stock, valued at $442,294.55. This represents a 36.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,310 shares of company stock worth $2,533,585 in the last quarter. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On ServiceNow

Several institutional investors have recently modified their holdings of NOW. Vanguard Group Inc. grew its position in shares of ServiceNow by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,210,924 shares of the information technology services provider’s stock valued at $18,599,709,000 after acquiring an additional 315,861 shares during the period. State Street Corp increased its position in ServiceNow by 1.4% in the third quarter. State Street Corp now owns 9,454,699 shares of the information technology services provider’s stock worth $8,700,970,000 after buying an additional 131,080 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of ServiceNow by 388.7% in the fourth quarter. Nordea Investment Management AB now owns 4,706,164 shares of the information technology services provider’s stock valued at $720,325,000 after buying an additional 3,743,087 shares during the period. Geode Capital Management LLC grew its stake in shares of ServiceNow by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 4,574,563 shares of the information technology services provider’s stock worth $4,684,445,000 after acquiring an additional 88,057 shares during the period. Finally, Norges Bank purchased a new position in shares of ServiceNow in the second quarter worth about $2,589,235,000. 87.18% of the stock is owned by institutional investors.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Jefferies continues to call ServiceNow an AI growth winner and reaffirmed a buy stance, supporting the long-term growth narrative that could boost sentiment if execution/outruns expectations. Jefferies Names ServiceNow AI Growth Winner
• Positive Sentiment: Arete upgraded ServiceNow, which is a near-term catalyst for investor interest and could provide support to the share price if momentum follows. Arete Upgrade
• Neutral Sentiment: Macquarie reaffirmed a neutral rating with a $172 target — a mild endorsement but not an immediate bullish driver given that the target sits above current levels but below prior highs. Macquarie Reaffirmed Neutral
• Neutral Sentiment: Coverage pieces from Zacks and Yahoo note elevated investor attention and summarize Street views; these keep the stock in focus but don’t introduce a single decisive catalyst. Zacks Coverage
• Neutral Sentiment: Market write-ups comparing peers and summarizing analyst street calls keep debate alive on growth sustainability vs valuation—useful for context but mixed for immediate price impact. Peer Comparison
• Negative Sentiment: Stifel Nicolaus cut its price target from $230 to $200 (while maintaining a buy), a visible reduction in upside expectations that likely pressured the stock today. Stifel Lowers Target
• Negative Sentiment: Commentary (e.g., Jim Cramer) highlighting ServiceNow’s high P/E and valuation concerns reinforces bearish sentiment among value-focused investors. Cramer on Valuation

About ServiceNow

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.