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ServiceNow

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.

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<p>Financial giants have made a conspicuous bearish move on ServiceNow. Our analysis of options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) revealed 39 unusual trades.</p>
<p>Delving into the details, we found 20% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $1,538,230, and 34 were calls, valued at $2,837,410.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $260.0 to $1400.0 for ServiceNow during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for ServiceNow options trades today is 116.9 with a total volume of 1,063.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for ServiceNow's big money trades within a strike price range of $260.0 to $1400.0 over the last 30 days.</p>
<h3>ServiceNow Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1734110275_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$24.5</td>
<td>$22.9</td>
<td>$24.5</td>
<td>$1145.00</td>
<td>$695.8K</td>
<td align="right">375</td>
<td align="right">305</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$24.7</td>
<td>$22.6</td>
<td>$24.0</td>
<td>$1100.00</td>
<td>$480.0K</td>
<td align="right">116</td>
<td align="right">219</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$350.0</td>
<td>$330.2</td>
<td>$335.0</td>
<td>$970.00</td>
<td>$301.5K</td>
<td align="right">9</td>
<td align="right">9</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$20.2</td>
<td>$12.0</td>
<td>$12.0</td>
<td>$1145.00</td>
<td>$288.0K</td>
<td align="right">276</td>
<td align="right">240</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$280.0</td>
<td>$265.6</td>
<td>$273.0</td>
<td>$1100.00</td>
<td>$245.7K</td>
<td align="right">9</td>
<td align="right">10</td>
</tr>
</tbody>
</table>
</p>
<h3>About ServiceNow</h3>
<p>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.</p>
<p>Following our analysis of the options activities associated with ServiceNow, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of ServiceNow</h3>
<ul>
<li>With a trading volume of 460,830, the price of NOW is down by -2.53%, reaching $1119.31.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 40 days from now.</li>
</ul>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.</p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ServiceNow options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Markets

ServiceNow's Options Frenzy: What You Need to Know

<p>Keybanc  analyst Jackson Ader   downgrades ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) from Overweight to Sector Weight.</p>


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Downgrades

Analyst Ratings

Keybanc Downgrades ServiceNow to Sector Weight

<p>Mizuho  analyst Gregg Moskowitz   maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and raises the price target from $1070 to $1210.</p>


Price Target

Mizuho Maintains Outperform on ServiceNow, Raises Price Target to $1210

<p>Truist Securities  analyst Joel Fishbein   maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Hold and raises the price target from $900 to $1100.</p>


Truist Securities Maintains Hold on ServiceNow, Raises Price Target to $1100

<p>TD Cowen  analyst Derrick Wood   maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $1025 to $1300.</p>


TD Cowen Maintains Buy on ServiceNow, Raises Price Target to $1300

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>ServiceNow</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NOW, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 20 uncommon options trades for ServiceNow.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 40% bullish and 20%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $87,734, and 17 are calls, for a total amount of $854,851.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $530.0 to $1300.0 for ServiceNow over the recent three months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of ServiceNow stands at 148.89, with a total volume reaching 359.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ServiceNow, situated within the strike price corridor from $530.0 to $1300.0, throughout the last 30 days.</p>
<h3>ServiceNow Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1733513453_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$69.9</td>
<td>$68.1</td>
<td>$69.9</td>
<td>$1140.00</td>
<td>$174.7K</td>
<td align="right">36</td>
<td align="right">26</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$34.5</td>
<td>$30.6</td>
<td>$31.46</td>
<td>$1120.00</td>
<td>$78.6K</td>
<td align="right">748</td>
<td align="right">33</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/06/24</td>
<td>$14.9</td>
<td>$11.2</td>
<td>$13.8</td>
<td>$1120.00</td>
<td>$68.8K</td>
<td align="right">276</td>
<td align="right">62</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$663.8</td>
<td>$644.0</td>
<td>$658.0</td>
<td>$540.00</td>
<td>$65.8K</td>
<td align="right">3</td>
<td align="right">1</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$614.1</td>
<td>$599.5</td>
<td>$606.4</td>
<td>$530.00</td>
<td>$60.6K</td>
<td align="right">97</td>
<td align="right">1</td>
</tr>
</tbody>
</table>
</p>
<h3>About ServiceNow</h3>
<p>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.</p>
<p>After a thorough review of the options trading surrounding ServiceNow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of ServiceNow</h3>
<ul>
<li>With a trading volume of 481,580, the price of NOW is up by 1.09%, reaching $1136.0.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 47 days from now.</li>
</ul>
<h3>What The Experts Say On ServiceNow</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1154.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on ServiceNow, maintaining a target price of $1250.<br />
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on ServiceNow, maintaining a target price of $1150.<br />
&#x2A; An analyst from Needham has decided to maintain their Buy rating on ServiceNow, which currently sits at a price target of $1150.<br />
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on ServiceNow with a target price of $1070.<br />
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on ServiceNow with a target price of $1150. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Smart Money Is Betting Big In NOW Options

<p>Financial giants have made a conspicuous bullish move on ServiceNow. Our analysis of options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) revealed 18 unusual trades.</p>
<p>Delving into the details, we found 44% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $104,500, and 14 were calls, valued at $568,748.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $820.0 to $1200.0 for ServiceNow over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for ServiceNow's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ServiceNow's whale activity within a strike price range from $820.0 to $1200.0 in the last 30 days. </p>
<h3>ServiceNow Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1733424424_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/06/24</td>
<td>$56.5</td>
<td>$50.7</td>
<td>$53.57</td>
<td>$1075.00</td>
<td>$80.2K</td>
<td align="right">85</td>
<td align="right">18</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$270.4</td>
<td>$264.7</td>
<td>$264.65</td>
<td>$910.00</td>
<td>$79.3K</td>
<td align="right">46</td>
<td align="right">3</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$47.7</td>
<td>$42.7</td>
<td>$42.7</td>
<td>$1085.00</td>
<td>$64.0K</td>
<td align="right">618</td>
<td align="right">18</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$80.0</td>
<td>$76.6</td>
<td>$78.0</td>
<td>$1140.00</td>
<td>$39.0K</td>
<td align="right">34</td>
<td align="right">5</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$25.0</td>
<td>$23.8</td>
<td>$25.0</td>
<td>$1100.00</td>
<td>$37.5K</td>
<td align="right">406</td>
<td align="right">75</td>
</tr>
</tbody>
</table>
</p>
<h3>About ServiceNow</h3>
<p>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.</p>
<p>Following our analysis of the options activities associated with ServiceNow, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of ServiceNow</h3>
<ul>
<li>Trading volume stands at 556,592, with NOW's price down by -0.2%, positioned at $1120.89.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<h3>Expert Opinions on ServiceNow</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $1190.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for ServiceNow, targeting a price of $1250.<br />
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on ServiceNow with a target price of $1150.<br />
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1150.<br />
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on ServiceNow, which currently sits at a price target of $1250.<br />
&#x2A; An analyst from Needham has decided to maintain their Buy rating on ServiceNow, which currently sits at a price target of $1150. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


ServiceNow's Options: A Look at What the Big Money is Thinking

<p>Wells Fargo  analyst Michael Turrin   maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Overweight and raises the price target from $1150 to $1250.</p>


Wells Fargo Maintains Overweight on ServiceNow, Raises Price Target to $1250

WIIM

ServiceNow shares are trading higher after the company announced an expanded strategic collaboration with Amazon Web Services to accelerate AI-driven business transformation. Also, Oppenheimer maintained an Outperform rating on the stock and raised its price target from $1020 to $1150.

<p>Oppenheimer  analyst Brian Schwartz   maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and raises the price target from $1020 to $1150.</p>


Oppenheimer Maintains Outperform on ServiceNow, Raises Price Target to $1150

<p>Introducing GenAI-Powered Workflows Via Amazon Bedrock Connector And New Automation Solutions On AWS Marketplace, With Plans For Geographic Expansion To Canada And Europe In 2025</p>


AMZN

ServiceNow And AWS Expand Strategic Collaboration

<p><strong>Cloudflare, Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock is up after <strong>Morgan Stanley</strong> analyst Keith Weiss upgraded it from Equal-Weight to Overweight and raised its <a target="_blank" href="https://www.benzinga.com/quote/NET/analyst-ratings" rel="noreferrer noopener">price target from $92 to $130</a>.</p>
<p>Cloudflare remains one of the most compelling secular stories in Weiss&#8217; software coverage universe, given its large TAM (total addressable market), highly scalable network architecture, and emergence as a potential GenAI enabler as organizations look to adopt and experiment with LLMs (large language models).</p>
<p>The company is well-positioned to gain a share in the top two CIO spending priorities, Security and AI/ML.</p>
<p><strong>Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/12/42269848/amazons-aws-ceo-teases-major-ai-advancements" rel="noreferrer noopener">Amazon&#8217;s AWS CEO Teases Major AI Advancements</a></strong></p>
<p>While Weiss has been on the sidelines historically, given a relatively high multiple (~17X NTM sales), he noted multiple tailwinds heading into 2025 that could drive upward estimate revisions and sustain, if not accelerate, revenue growth in an environment of increasing growth scarcity.</p>
<p>Given the compute-intensive nature, Weiss noted that more AI inference is done at the &#8220;edge,&#8221; which means on network devices closer to the end user, for cost, latency, and data security/residency reasons. Cloudflare Workers AI, a serverless GPU-powered platform on Cloudflare&#8217;s global network, provides all the foundational elements of running AI inference on more than 300 locations worldwide. Over 2 million developers are on the Cloudflare Workers platform.</p>
<p>Weiss&#8217; checks indicate a solid demand for Cloudflare R2 (storage) for training AI models. While early days, Weiss noted that the upside from AI inference could be meaningful as adoption grows and Cloudflare serves ~80% of the top 50 GenAI startups. He also stressed the upside of Cloudflare as a critical partner for <strong>Apple Inc</strong> Intelligence, where the company plays a significant role in encrypting AI queries for hundreds of millions of devices. Weiss estimates this could add 2-3pts to revenue growth in 2026-28.</p>
<p>Cloudflare is in the early innings of monetizing a wider, multi-product platform addressing over $80 billion in spending across security, networking, AI, and application services. This includes adopting developer products, including R2, Workers, AI gateway for training, inference, and monitoring AI workloads, and enterprise SASE (secure access service edge), where share gains are growing. Weiss noted faster-growing SASE and Developer/AI products growing from over 20% of revenue today to over 40% by 2028, driving durable 25-30% revenue growth in the longer term.&nbsp;&nbsp;</p>
<p>While Cloudflare has delivered consistent product innovation across multiple domains, it lacks a more strategic selling motion to fully monetize a large installed base of over 200K customers, including over 30% of Fortune 500. Adding well-respected enterprise sales leaders like Chief Revenue Officer Mark Anderson (former <strong>Palo Alto Networks, Inc</strong> head of sales) and Head of Product CJ Desai (former <strong>ServiceNow, Inc</strong> COO) can create a much-needed strategic selling motion with large enterprises.</p>
<p>Bottom line, with numerous product cycles in full gear, growing Edge AI contribution, and a fully ramped enterprise sales force ready to address this significant opportunity, Weiss noted that all the cards are aligned for a solid 2025 for Cloudflare, with revenue growth potentially accelerating throughout the year. This should sustain a premium multiple on higher estimates.</p>
<p>Weiss projected fourth-quarter revenue of $451.7 million (prior $455.3 million) and adjusted EPS of $0.18 (prior $0.16).</p>
<p><strong>Price Action:</strong> NET stock is up 6.18% at $106.00 at last check Monday.</p>
<p><strong>Also Read:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/12/42268028/volkswagen-faces-fierce-labor-pushback-over-factory-closures-wage-cuts" target="_blank" rel="noreferrer noopener">Volkswagen Faces Fierce Labor Pushback Over Factory Closures, Wage Cuts</a></strong></li>
</ul>
<p><em>Photo via T. Schneider/Shutterstock.com</em>.</p>


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Cloudflare's Apple Intelligence Partnership, Large TAM, Generative AI Enabler Position It For Upside, Analyst Says

<p>In the latest quarter, 32 analysts provided ratings for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">12</td>
<td align="right">18</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">9</td>
<td align="right">16</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $1022.41, a high estimate of $1250.00, and a low estimate of $900.00. Marking an increase of 10.48%, the current average surpasses the previous average price target of $925.44. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1733155223_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The analysis of recent analyst actions sheds light on the perception of ServiceNow by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$1250.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$1150.00</td>
<td>$1075.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1070.00</td>
<td>$980.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1150.00</td>
<td>$1050.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1071.00</td>
<td>$1068.00</td>
</tr>
<tr>
<td>Peter Weed</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Outperform</td>
<td>$913.00</td>
<td>$906.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1045.00</td>
<td>$985.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1025.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$990.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Jason Ader</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1040.00</td>
<td>$1020.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$950.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1050.00</td>
<td>$1025.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1000.00</td>
<td>$980.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$950.00</td>
<td>$820.00</td>
</tr>
<tr>
<td>Rob Oliver</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$975.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$1075.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$900.00</td>
<td>$780.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$960.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1000.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1068.00</td>
<td>$915.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1020.00</td>
<td>$825.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$980.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$1100.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$980.00</td>
<td>$890.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1025.00</td>
<td>$860.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$950.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$1055.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1025.00</td>
<td>$935.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$900.00</td>
<td>$900.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ServiceNow. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ServiceNow compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of ServiceNow's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into ServiceNow's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NOW/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on ServiceNow analyst ratings.</strong></a></p>
<h2>Discovering ServiceNow: A Closer Look</h2>
<p>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.</p>
<h3>Financial Insights: ServiceNow</h3>
<p><strong>Market Capitalization:</strong> Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.</p>
<p><strong>Revenue Growth:</strong> ServiceNow's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately <strong>22.25%</strong>. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> ServiceNow's net margin is impressive, surpassing industry averages. With a net margin of <strong>15.45%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> ServiceNow's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>4.81%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> ServiceNow's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.36%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> ServiceNow's debt-to-equity ratio is below the industry average. With a ratio of <b>0.24</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


A Glimpse Into The Expert Outlook On ServiceNow Through 32 Analysts

<p>Jefferies  analyst Samad Samana   maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $1100 to $1250.</p>


Jefferies Maintains Buy on ServiceNow, Raises Price Target to $1250

DOCU

GTLB

LDTC

ORCL

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Shares of software companies are trading lower possibly amid overall market weakness. Multiple software stocks fell after Q3 financial results.

<p>Deep-pocketed investors have adopted a bearish approach towards ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NOW usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for ServiceNow. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 6% leaning bullish and 31% bearish. Among these notable options, 4 are puts, totaling $293,800, and 12 are calls, amounting to $482,760.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $700.0 to $1560.0 for ServiceNow over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for ServiceNow options trades today is 68.27 with a total volume of 273.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for ServiceNow's big money trades within a strike price range of $700.0 to $1560.0 over the last 30 days.</p>
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1732736750_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$8.6</td>
<td>$6.4</td>
<td>$7.4</td>
<td>$1022.50</td>
<td>$148.0K</td>
<td align="right">1</td>
<td align="right">200</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$351.4</td>
<td>$339.7</td>
<td>$346.32</td>
<td>$710.00</td>
<td>$69.2K</td>
<td align="right">83</td>
<td align="right">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$347.2</td>
<td>$335.0</td>
<td>$341.9</td>
<td>$710.00</td>
<td>$68.3K</td>
<td align="right">83</td>
<td align="right">4</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$43.0</td>
<td>$41.9</td>
<td>$43.0</td>
<td>$1000.00</td>
<td>$64.5K</td>
<td align="right">50</td>
<td align="right">16</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$70.3</td>
<td>$67.2</td>
<td>$68.54</td>
<td>$1060.00</td>
<td>$54.8K</td>
<td align="right">88</td>
<td align="right">9</td>
</tr>
</tbody>
</table>
</p>
<h3>About ServiceNow</h3>
<p>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.</p>
<p>After a thorough review of the options trading surrounding ServiceNow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>ServiceNow's Current Market Status</h3>
<ul>
<li>Trading volume stands at 503,701, with NOW's price down by -2.64%, positioned at $1041.87.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 56 days.</li>
</ul>
<h3>Professional Analyst Ratings for ServiceNow</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $1123.3333333333333.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Needham has decided to maintain their Buy rating on ServiceNow, which currently sits at a price target of $1150.<br />
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on ServiceNow with a target price of $1150.<br />
&#x2A; An analyst from Mizuho persists with their Outperform rating on ServiceNow, maintaining a target price of $1070. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


<p>Investors with a lot of money to spend have taken a bearish stance on <strong>ServiceNow</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NOW, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 36 options trades for <strong>ServiceNow</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 16% bullish and 52%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $71,000, and 35, calls, for a total amount of $2,573,528.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $760.0 to $1400.0 for ServiceNow during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for ServiceNow's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ServiceNow's whale activity within a strike price range from $760.0 to $1400.0 in the last 30 days. </p>
<h3>ServiceNow Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1732566625_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$67.0</td>
<td>$64.6</td>
<td>$67.0</td>
<td>$1080.00</td>
<td>$495.8K</td>
<td align="right">179</td>
<td align="right">1</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$20.3</td>
<td>$18.0</td>
<td>$19.2</td>
<td>$1280.00</td>
<td>$384.0K</td>
<td align="right">4</td>
<td align="right">0</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$25.6</td>
<td>$23.5</td>
<td>$23.5</td>
<td>$1080.00</td>
<td>$235.5K</td>
<td align="right">300</td>
<td align="right">101</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$64.3</td>
<td>$63.9</td>
<td>$64.27</td>
<td>$1000.00</td>
<td>$192.8K</td>
<td align="right">226</td>
<td align="right">32</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$43.7</td>
<td>$41.2</td>
<td>$41.2</td>
<td>$1070.00</td>
<td>$103.0K</td>
<td align="right">42</td>
<td align="right">28</td>
</tr>
</tbody>
</table>
</p>
<h3>About ServiceNow</h3>
<p>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.</p>
<p>After a thorough review of the options trading surrounding ServiceNow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of ServiceNow</h3>
<ul>
<li>With a volume of 727,156, the price of NOW is up 0.7% at $1068.0. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 58 days.</li>
</ul>
<h3>Professional Analyst Ratings for ServiceNow</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $1123.3333333333333.</p>
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&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1070.<br />
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for ServiceNow, targeting a price of $1150.<br />
&#x2A; An analyst from Needham persists with their Buy rating on ServiceNow, maintaining a target price of $1150. </p>
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Market Whales and Their Recent Bets on NOW Options

<p>Needham  analyst Mike Cikos   maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $1075 to $1150.</p>


Needham Maintains Buy on ServiceNow, Raises Price Target to $1150

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<strong><i>The SaaS market is rapidly growing, fueled by AI, machine learning, and low-code/no-code platforms. With innovations like these reshaping the landscape, fundamentally solid high-growth SaaS stocks like ServiceNow (NOW), DocuSign (DOCU), and Twilio (TWLO) are primed for success as the global cloud computing market expands. Read further...</i></strong><br><br><p>The rapid adoption of digital transformation is revolutionizing the software industry, with Software as a Service (SaaS) emerging as a cornerstone of cloud computing. By harnessing transformative technologies like AI, machine learning, and low-code/no-code platforms, SaaS companies are reshaping how businesses operate and innovate.</p>
<p>We present high-growth SaaS stocks ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>), DocuSign, Inc. (<a href="https://stocknews.com/stock/DOCU/">DOCU</a>), and Twilio Inc. (<a href="https://stocknews.com/stock/TWLO/">TWLO</a>) which are leading this revolution and redefining software delivery.</p>
<p>The SaaS industry's growth is fueled by digital transformation, as businesses seek scalable and flexible cloud solutions to enhance operations. Additionally, the advancements in AI, machine learning, and automation, which enable smarter, tailored offerings, along with the rise of low-code/no-code platforms that make application development accessible to non-technical users are boosting the sector.</p>
<p>Moreover, the shift toward remote work has amplified demand for collaborative, cloud-enabled tools, further accelerating SaaS adoption. As a result, the global SaaS market is projected to grow to $1.23 trillion by 2032, at a <a href="https://www.fortunebusinessinsights.com/software-as-a-service-saas-market-102222">CAGR of 18.4%</a>.</p>
<p>Given these promising trends, let's explore SaaS stocks in more detail:</p>
<p><strong>ServiceNow, Inc. </strong>(<a href="https://stocknews.com/stock/NOW/"><strong>NOW</strong></a><strong>)</strong></p>
<p>NOW offers a wide range of workflow automation solutions through its Now Platform, integrating AI, ML, and RPA for digital transformation. Its products include IT service management, risk management, customer service, and cloud observability, serving industries like government, healthcare, finance, and manufacturing globally.</p>
<p>NOW's normalized net income has grown at a <a href="https://www.investopedia.com/terms/c/cagr.asp">CAGR</a> of 90.1% over the past three years and its operation income has risen at a CAGR of 73.8% over the same time frame.</p>
<p>On December 3, 2024, NOW and Amazon.com, Inc.'s (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) AWS announced an expanded collaboration to enhance AI-driven business transformation. New integrations, including a connector for Amazon Bedrock models and automation tools for security and procurement, enhance NOW's platform capabilities, benefiting industries like telecom, finance, and retail.</p>
<p>On November 19, 2024, NOW expanded its partnership with Microsoft Corporation (<a href="https://stocknews.com/stock/MSFT/">MSFT</a>), integrating Now Assist with Microsoft 365 Copilot to streamline workflows and enable conversational self-service for tasks like knowledge searches and service requests.</p>
<p>During the fiscal third quarter that ended September 30, 2024, NOW's non-GAAP total revenues increased 22% year-over-year to $ 2.79 billion. Its non-GAAP income from operations grew 31% from the year-ago value to $ 872 million. In addition, the company's non-GAAP net income and non-GAAP EPS came in at $ 775 million and $ 3.72.</p>
<p>Analysts expect NOW's EPS and revenue for the fourth quarter ending December 31, 2024, to increase 17.4% and 21.6% year-over-year to $3.65 and $2.96 billion, respectively. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters, which is promising.</p>
<p>Over the past year, the stock has gained 56.7% to close the last trading session at $1,121.10.</p>
<p>NOW's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.</p>
<p>NOW has a B in Growth, Sentiment, and Quality. It is ranked #14 out of 39 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.</p>
<p>Beyond what we have stated above, we also have given NOW grades for Value, Momentum, and Stability. Get all the NOW's ratings <a href="https://stocknews.com/stock/NOW/">here</a>.</p>
<p><strong>DocuSign, Inc. </strong>(<a href="https://stocknews.com/stock/DOCU/"><strong>DOCU</strong></a><strong>)</strong></p>
<p>DOCU provides digital solutions like e-signatures, contract management, and industry-specific tools, serving businesses, government agencies, and professionals to streamline and secure agreement processes.</p>
<p>DOCU's revenue has grown at a CAGR of 14.2% over the past three years and its total assets have risen at a CAGR of 16.1% over the same time frame.</p>
<p>On November 20, 2024, DOCU launched "DocuSign for Developers" empowering developers and businesses to enhance agreement management on its Intelligent Agreement Management platform. This initiative strengthens DOCU's ecosystem and expands its integration and scalability capabilities, boosting its market appeal.</p>
<p>In the fiscal third quarter ended October 31, 2024 DOCU's total revenue increased 7.8% year-over-year to $754.82 million. Its non-GAAP income from operations was $223.08 million, up 19% from the year-ago value. Moreover, its non-GAAP net income and non-GAAP net income per share stood at $188.50 million and $0.90, up 15.1% and 13.9% over the prior-year quarter, respectively.</p>
<p>Street expects DOCU's revenue and EPS for the fourth quarter ending January 31, 2025, to increase 6.8% and 11.1% year-over-year to $760.94 million and $0.84, respectively. It surpassed the consensus EPS and revenue estimates in all of the trailing four quarters.</p>
<p>The stock climbed 58.9% year-to-date and has returned 68.3% over the past year, to close the last trading session at $94.48.</p>
<p>DOCU's POWR Ratings reflect strong prospects. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.</p>
<p>It has an A grade in Quality and a B for Growth and Value. It is ranked #4 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry.</p>
<p>To access DOCU's Momentum, Stability, and Sentiment ratings, click <a href="https://stocknews.com/stock/DOCU/">here</a>.</p>
<p><strong>Twilio Inc. </strong>(<a href="https://stocknews.com/stock/TWLO/"><strong>TWLO</strong></a><strong>)</strong></p>
<p>TWLO provides communication APIs, marketing tools, and platforms like Segment and Engage for personalized customer engagement and omnichannel campaign automation.</p>
<p>TWLO's revenue has grown at a CAGR of 19.4% over the past three years and its levered Free Cash Flow has risen at a CAGR of 41.2% over the same time frame.</p>
<p>On December 2, 2024, TWLO announced the public beta of Linked Audiences in TWLO Segment for Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) Redshift at AWS re:Invent 2024. This integration enhances audience building, customer profile enrichment, and scalable personalization for TWLO Segment and AWS users.</p>
<p>On October 1, 2024, TWLO partnered with OpenAI to integrate the Realtime API, featuring streaming speech-to-speech (S2S) capabilities. This collaboration enables Twilio's customers and developers to create advanced conversational AI agents using OpenAI's GPT-4o model.</p>
<p>TWLO's revenue increased 9.7% year-over-year to $1.13 billion in the fiscal third quarter that ended on September 30, 2024. Its gross profit was $ 578.63 million, up 12.1% from the year-ago value. Its non-GAAP income from operations came in at $ 182.42 million, up 33.7% year-over-year. Its non-GAAP net income and non-GAAP net income per share stood at 53.6% and 75.9% from the year-ago value to $ 163.92 million and $1.02, respectively.</p>
<p>Street expects TWLO's revenue for the fiscal fourth quarter (ending December 31, 2024) to increase 7.8% year-over-year to $ 1.16 billion. Its EPS for the same quarter is expected to grow 16.6% from the prior year to $1. In addition, it surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.</p>
<p>Shares of TWLO have gained 55.6% over the past year and 48.9% year-to-date to close the last trading session at $112.98.</p>
<p>TWLO's bright prospects are apparent in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.</p>
<p>It has an A grade for Growth and a B for Value and Sentiment. Within the A-rated Software - SAAS industry, it is ranked #9 out of 18.</p>
<p>Click <a href="https://stocknews.com/stock/TWLO/">here</a> to see TWLO's ratings for Momentum, Stability, and Quality.</p>
<p><strong>What To Do Next?</strong></p>
<p>Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:</p>
<p><a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s"><strong>3 Stocks to DOUBLE This Year &gt;</strong></a></p>

<hr />
<p>NOW shares were unchanged in premarket trading Monday. Year-to-date, NOW has gained 58.69%, versus a 28.32% rise in the benchmark S&amp;P 500 index during the same period.</p>
<hr><div style="clear:both;"></div><br><h2>About the Author: Kritika Sarmah</h2><br><img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;"><p>Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.</p><p><a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a></p>The post <strong><a href=https://stocknews.com/news/now-docu-twlo-3-high-growth-saas-stocks-revolutionizing-software-delivery/>3 High-Growth SaaS Stocks Revolutionizing Software Delivery</a></strong> appeared first on <strong><a href=https://stocknews.com/>StockNews.com</a></strong>

3 High-Growth SaaS Stocks Revolutionizing Software Delivery

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Press Releases

Pearson and ServiceNow Collaborate to Supercharge Workforce Development and Employee Experiences in the Age of AI

ServiceNow and Rimini Street partner on new enterprise software model to unlock value in existing ERP systems for net-new innovation, digital growth and scale

ServiceNow Names Enterprise Software Industry Veteran Amit Zavery as President, CPO, and COO to Lead Product and Engineering

ServiceNow Reports Third Quarter 2024 Financial Results

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ServiceNow and Five9 Expand Partnership With Turnkey AI-Powered Solution for Unified Employee and Customer Experiences

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ServiceNow and Microsoft Expand Strategic Alliance to Modernize the Front-Office With Copilot and AI Agents

ServiceNow and AWS Expand Strategic Collaboration With New Capabilities to Accelerate AI Transformation

ServiceNow Named a Leader in Task-Centric Automation Software by Independent Research Firm

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