ServiceNow (NYSE:NOW) Given New $150.00 Price Target at JPMorgan Chase & Co.

ServiceNow (NYSE:NOW) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $145.00 to $150.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 60.89% from the company’s previous close.

A number of other research firms have also recently commented on NOW. Argus cut their target price on ServiceNow from $180.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $160.00 price target on shares of ServiceNow in a research report on Thursday. FBN Securities cut their price objective on shares of ServiceNow from $160.00 to $120.00 in a research report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and issued a $134.00 target price (up from $132.00) on shares of ServiceNow in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.10.

ServiceNow Stock Down 2.3%

NYSE NOW traded down $2.23 during trading hours on Thursday, reaching $93.23. 35,537,346 shares of the company’s stock traded hands, compared to its average volume of 23,789,854. ServiceNow has a 52-week low of $81.24 and a 52-week high of $210.20. The firm has a market cap of $96.12 billion, a PE ratio of 55.53, a PEG ratio of 1.71 and a beta of 0.96. The firm has a 50-day simple moving average of $104.67 and a 200 day simple moving average of $108.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s revenue was up 24.0% compared to the same quarter last year. Sell-side analysts anticipate that ServiceNow will post 2.33 EPS for the current fiscal year.

Insider Activity at ServiceNow

In related news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the sale, the director owned 44,930 shares of the company’s stock, valued at $3,919,243.90. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jacqueline P. Canney sold 8,927 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $89.60, for a total transaction of $799,859.20. Following the sale, the insider directly owned 29,531 shares of the company’s stock, valued at $2,645,977.60. The trade was a 23.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,071 shares of company stock valued at $2,529,956 over the last ninety days. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On ServiceNow

Several hedge funds and other institutional investors have recently modified their holdings of NOW. Millstone Evans Group LLC raised its position in shares of ServiceNow by 400.0% during the 4th quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 132 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in shares of ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 135 shares during the last quarter. Blueline Advisors LLC purchased a new position in ServiceNow during the fourth quarter valued at $25,000. Measured Wealth Private Client Group LLC grew its stake in ServiceNow by 560.0% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 140 shares in the last quarter. Finally, Wealth Watch Advisors INC increased its holdings in ServiceNow by 432.3% in the 4th quarter. Wealth Watch Advisors INC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 134 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow delivered Q2 earnings of $0.90 per share on revenue of $3.99 billion, both ahead of estimates, with subscription revenue up 24.5% year over year. ServiceNow Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its full-year subscription revenue forecast again, signaling that AI-powered workflow demand is translating into stronger bookings and long-term growth visibility. ServiceNow raises annual subscription revenue forecast again on AI-driven demand
• Positive Sentiment: Management said AI contract value surpassed the $1 billion mark, a key milestone that supports the bullish view that ServiceNow’s AI products are becoming a meaningful growth driver. ServiceNow AI Contract Value Crosses $1 Billion Milestone, Stock Soars
• Positive Sentiment: Several analysts turned more constructive after earnings, including Baird, RBC, BTIG, Piper Sandler, Needham and BMO, with multiple price-target increases pointing to continued upside potential. ServiceNow Posts Robust Q2 As AI Momentum Continues To Build
• Neutral Sentiment: There was also notable options activity, with traders buying more call options than usual, suggesting elevated expectations for continued post-earnings volatility.
• Negative Sentiment: Some articles noted that shares had been under pressure earlier in the year as investors worried AI could disrupt legacy software vendors, so part of the move reflects relief rather than a full reset in sentiment. Why ServiceNow Stock Was Slipping Today

ServiceNow Company Profile

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.