Oppenheimer Cuts ServiceNow (NYSE:NOW) Price Target to $200.00

ServiceNow (NYSE:NOW) had its price target lowered by Oppenheimer from $230.00 to $200.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the information technology services provider’s stock.

NOW has been the subject of several other reports. Wells Fargo & Company set a $225.00 price target on ServiceNow and gave the stock an “overweight” rating in a report on Thursday, January 8th. Barclays boosted their price objective on ServiceNow from $242.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 target price on shares of ServiceNow in a report on Monday, October 27th. Arete Research set a $200.00 price target on shares of ServiceNow in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ServiceNow from $204.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.97.

ServiceNow Price Performance

Shares of NOW stock opened at $131.07 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. ServiceNow has a 12-month low of $129.93 and a 12-month high of $239.62. The firm has a fifty day moving average of $158.75 and a 200-day moving average of $176.57. The firm has a market capitalization of $136.10 billion, a price-to-earnings ratio of 79.24, a price-to-earnings-growth ratio of 2.31 and a beta of 0.98.

Insider Activity

In other news, insider Paul Fipps sold 1,525 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $163.51, for a total transaction of $249,352.75. Following the completion of the sale, the insider directly owned 2,705 shares in the company, valued at approximately $442,294.55. This represents a 36.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $161.60, for a total value of $242,400.00. Following the sale, the director directly owned 47,930 shares in the company, valued at approximately $7,745,488. This trade represents a 3.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 15,310 shares of company stock worth $2,533,585. 0.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ServiceNow

Several hedge funds have recently bought and sold shares of NOW. Vanguard Group Inc. boosted 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 worth $18,599,709,000 after acquiring an additional 315,861 shares in the last quarter. State Street Corp lifted its stake in ServiceNow by 1.4% during 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 purchasing an additional 131,080 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of ServiceNow by 388.7% in the 4th 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 purchasing an additional 3,743,087 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of ServiceNow by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 4,574,563 shares of the information technology services provider’s stock valued at $4,684,445,000 after purchasing an additional 88,057 shares in the last quarter. Finally, Norges Bank bought a new position in shares of ServiceNow in the 2nd quarter valued at $2,589,235,000. 87.18% of the stock is owned by institutional investors.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Several bullish takes emphasize ServiceNow’s long-term AI/workflow upside and resilient fundamentals (98% retention, long streak of earnings beats), supporting a recovery narrative. This Under-the-Radar AI Stock Is Poised for 50% Upside
• Positive Sentiment: Public market commentators and an investment-panel video have listed ServiceNow among top enterprise names to watch into the year — a signal that institutional interest and coverage remain high. Final Trades: ServiceNow, Apollo Global and Intercontinental Exchange
• Neutral Sentiment: Comparative industry coverage highlights that AI workflow automation exposure and execution vary across enterprise software names; ServiceNow is a major player but not the only beneficiary, so competitive dynamics matter. Who is Winning AI Workflow Automation? We Compared 4 Enterprise Stocks.
• Neutral Sentiment: Market commentators included NOW in post-holiday stock lists to watch/avoid — useful for flow and sentiment but less directly news-driven. 25 Stocks to Target (and Avoid) After MLK Day
• Negative Sentiment: Stifel cut its price target from $230 to $200 (still a Buy), signaling reduced near-term upside expectations and contributing to downward pressure. What Does Wall Street Think About ServiceNow (NOW)?
• Negative Sentiment: Multiple security reports identified a critical AI-agent/user-impersonation vulnerability affecting ServiceNow apps (“BodySnatcher”); ServiceNow released patches, but the exposure and follow-on media coverage have weighed on sentiment and risk perception. AppOmni Surfaces BodySnatcher AI Agent Security Flaw Affecting ServiceNow Apps ServiceNow patches critical security flaw allowing user impersonation ‘Most Severe AI Vulnerability to Date’ Hits ServiceNow
• Negative Sentiment: Reports noted NOW trading near a 52-week low, which can trigger momentum selling and put technical pressure on the stock. Servicenow stock hits 52-week low at 135.7 USD

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.