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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.

ServiceNow Inc

ChangeNOW Token

NOW CORP ORD by NOW CORP.

Nowigence Inc

NOWVERTICAL GROUP SUB VTG by NowVertical Group Inc.

NowVertical Group Inc

Investors with a lot of money to spend have taken a bearish stance on ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
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.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 27 uncommon options trades for ServiceNow.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 40%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $1,825,605, and 19 are calls, for a total amount of $760,177.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $700.0 to $1440.0 for ServiceNow during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ServiceNow's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ServiceNow's substantial trades, within a strike price spectrum from $700.0 to $1440.0 over the preceding 30 days.
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731518143_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$230.6</td>
<td>$223.5</td>
<td>$223.5</td>
<td>$1240.00</td>
<td>$826.9K</td>
<td align="right">121</td>
<td align="right">38</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$227.4</td>
<td>$222.4</td>
<td>$222.4</td>
<td>$1240.00</td>
<td>$422.5K</td>
<td align="right">121</td>
<td align="right">57</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$225.4</td>
<td>$213.5</td>
<td>$220.3</td>
<td>$1240.00</td>
<td>$220.3K</td>
<td align="right">121</td>
<td align="right">76</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$225.4</td>
<td>$213.5</td>
<td>$220.9</td>
<td>$1240.00</td>
<td>$198.8K</td>
<td align="right">121</td>
<td align="right">66</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$75.1</td>
<td>$71.2</td>
<td>$71.2</td>
<td>$1140.00</td>
<td>$71.2K</td>
<td align="right">17</td>
<td align="right">10</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
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.
In light of the recent options history for ServiceNow, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is ServiceNow Standing Right Now?</h3>
<ul>
<li>With a volume of 443,226, the price of NOW is up 0.65% at $1055.13. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 70 days.</li>
</ul>
<h3>Expert Opinions on ServiceNow</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $980.0.
Turn $1000 into $1270 in just 20 days?
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">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on ServiceNow with a target price of $975. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for ServiceNow, targeting a price of $980. 
&#x2A; An analyst from RBC Capital has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1045. 
&#x2A; Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for ServiceNow, targeting a price of $1000. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on ServiceNow, maintaining a target price of $900. 
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.
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.

Options

Markets

ServiceNow Unusual Options Activity

News

FIVN

ServiceNow And Five9 Expand Partnership To Launch AI-Powered Solution For Unified Employee And Customer Experiences, Aiming To Streamline Self-Service, Enhance Agent Efficiency, And Boost Customer Satisfaction

Ratings for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) were provided by 29 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">10</td>
<td align="right">17</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">8</td>
<td align="right">12</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</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>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $1008.52, a high estimate of $1150.00, and a low estimate of $900.00. This upward trend is evident, with the current average reflecting a 10.54% increase from the previous average price target of $912.38.
<img src="https://www.benzinga.com/files/images/story/2024/1731438197_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of ServiceNow among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<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>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>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to ServiceNow. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ServiceNow compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for ServiceNow's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ServiceNow's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ServiceNow analyst ratings.</a>
<h2>Discovering ServiceNow: A Closer Look</h2>
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.
<h3>ServiceNow: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Positive Revenue Trend: Examining ServiceNow's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.25% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: ServiceNow's net margin excels beyond industry benchmarks, reaching 15.45%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): ServiceNow's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): ServiceNow's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.36%, the company showcases efficient use of assets and strong financial health.
Debt Management: ServiceNow's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.24.
<h2>What Are Analyst Ratings?</h2>
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. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into ServiceNow Stock: Analyst Perspectives (29 Ratings)

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has been analyzed by 29 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">10</td>
<td align="right">17</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">8</td>
<td align="right">12</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</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>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $1008.52, a high estimate of $1150.00, and a low estimate of $900.00. This current average reflects an increase of 10.54% from the previous average price target of $912.38. 
<img src="https://www.benzinga.com/files/images/story/2024/1731434884_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of ServiceNow among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<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>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>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ServiceNow. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ServiceNow compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for ServiceNow's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ServiceNow's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ServiceNow analyst ratings.</a>
<h2>About ServiceNow</h2>
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.
<h3>Breaking Down ServiceNow's Financial Performance</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: ServiceNow displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 22.25%. This indicates a notable 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.
Net Margin: ServiceNow's net margin excels beyond industry benchmarks, reaching 15.45%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): ServiceNow's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): ServiceNow's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.36% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: ServiceNow's debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
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">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 29 Analysts Discuss ServiceNow Stock

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 $1050 to $1150.

Price Target

Wells Fargo Maintains Overweight on ServiceNow, Raises Price Target to $1150

Investors with a lot of money to spend have taken a bullish stance on ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
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.
Today, Benzinga's options scanner spotted 11 options trades for ServiceNow.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 27%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,083, and 10, calls, for a total amount of $677,991.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $750.0 to $1030.0 for ServiceNow over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of ServiceNow stands at 55.75, with a total volume reaching 455.00. 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 $750.0 to $1030.0, throughout the last 30 days.
<h3>ServiceNow Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731339023_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$191.9</td>
<td>$183.5</td>
<td>$189.34</td>
<td>$900.00</td>
<td>$191.5K</td>
<td align="right">75</td>
<td align="right">10</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$21.3</td>
<td>$19.2</td>
<td>$19.2</td>
<td>$1020.00</td>
<td>$153.6K</td>
<td align="right">30</td>
<td align="right">82</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$20.4</td>
<td>$19.2</td>
<td>$19.2</td>
<td>$1020.00</td>
<td>$84.4K</td>
<td align="right">30</td>
<td align="right">158</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$19.2</td>
<td>$18.0</td>
<td>$19.2</td>
<td>$1020.00</td>
<td>$59.5K</td>
<td align="right">30</td>
<td align="right">114</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$366.4</td>
<td>$340.7</td>
<td>$353.93</td>
<td>$800.00</td>
<td>$35.3K</td>
<td align="right">11</td>
<td align="right">1</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
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.
<h3>Present Market Standing of ServiceNow</h3>
<ul>
<li>With a volume of 179,221, the price of NOW is up 1.59% at $1024.1. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 72 days.</li>
</ul>
<h3>Professional Analyst Ratings for ServiceNow</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1001.6.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; An analyst from Canaccord Genuity has decided to maintain their Buy rating on ServiceNow, which currently sits at a price target of $1000. 
&#x2A; An analyst from Bernstein persists with their Outperform rating on ServiceNow, maintaining a target price of $913. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for ServiceNow, targeting a price of $1045. 
&#x2A; Maintaining their stance, an analyst from Needham continues to hold a Buy rating for ServiceNow, targeting a price of $1075. 
&#x2A; Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for ServiceNow, targeting a price of $975. 
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>.

Decoding ServiceNow's Options Activity: What's the Big Picture?

STOCK CLIMBS OVER 20 POINTS AT ITS HIGH
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="684" height="851" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07213318/Screen-Shot-2024-11-07-at-4.09.12-PM.png" alt="" class="wp-image-3113" style="width:624px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07213318/Screen-Shot-2024-11-07-at-4.09.12-PM.png 684w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07213318/Screen-Shot-2024-11-07-at-4.09.12-PM-241x300.png 241w" sizes="(max-width: 684px) 100vw, 684px" /></figure>
ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:14 AM on November 7th, a significant trading signal occurred for ServiceNow Inc. as it demonstrated a Power Inflow at a price of $1003.17. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in ServiceNow&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in ServiceNows&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for NOW, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $1003.17. The returns on the high price ($1023.57) and close price ($1015.45)&nbsp;after the power inflow were&nbsp;2.0% and 1.2%&nbsp;respectively. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case the high of the day and close were close but that is not always the case
Past Performance is Not Indicative of Future Results

Signals

Trading Ideas

General

Tradepulse Power Inflow Alert: Servicenow Inc. Moves Up Over 2% Today After Alert

Whales with a lot of money to spend have taken a noticeably bearish stance on ServiceNow.
Looking at options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $265,400 and 11, calls, for a total amount of $712,486.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $690.0 to $1220.0 for ServiceNow over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for ServiceNow options trades today is 105.08 with a total volume of 1,038.00.
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 $690.0 to $1220.0 over the last 30 days.
<h3>ServiceNow 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731002472_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$58.9</td>
<td>$55.9</td>
<td>$58.0</td>
<td>$1000.00</td>
<td>$290.0K</td>
<td align="right">496</td>
<td align="right">56</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$47.8</td>
<td>$44.7</td>
<td>$45.5</td>
<td>$1020.00</td>
<td>$91.0K</td>
<td align="right">156</td>
<td align="right">33</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$4.6</td>
<td>$3.6</td>
<td>$4.3</td>
<td>$940.00</td>
<td>$73.1K</td>
<td align="right">37</td>
<td align="right">310</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/29/24</td>
<td>$4.4</td>
<td>$3.6</td>
<td>$4.0</td>
<td>$940.00</td>
<td>$63.2K</td>
<td align="right">37</td>
<td align="right">468</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$4.6</td>
<td>$3.6</td>
<td>$4.2</td>
<td>$940.00</td>
<td>$58.8K</td>
<td align="right">37</td>
<td align="right">140</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
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.
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.
<h3>Current Position of ServiceNow</h3>
<ul>
<li>With a volume of 475,438, the price of NOW is up 0.4% at $998.5. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 76 days.</li>
</ul>
<h3>What Analysts Are Saying About ServiceNow</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $976.0.
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&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for ServiceNow, targeting a price of $950. 
&#x2A; An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $960. 
&#x2A; An analyst from Truist Securities has decided to maintain their Hold rating on ServiceNow, which currently sits at a price target of $900. 
&#x2A; An analyst from TD Cowen has decided to maintain their Buy rating on ServiceNow, which currently sits at a price target of $1025. 
&#x2A; Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on ServiceNow with a target price of $1045. 
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.

ServiceNow's Options Frenzy: What You Need to Know

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 21 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $291,605, and 16 were calls, valued at $1,797,618.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $1030.0 for ServiceNow over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of ServiceNow stands at 102.29, with a total volume reaching 599.00. 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 $350.0 to $1030.0, throughout the last 30 days.
<h3>ServiceNow 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730745033_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$607.1</td>
<td>$595.3</td>
<td>$603.65</td>
<td>$350.00</td>
<td>$241.4K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$577.9</td>
<td>$569.5</td>
<td>$575.13</td>
<td>$380.00</td>
<td>$230.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$560.8</td>
<td>$549.7</td>
<td>$555.01</td>
<td>$400.00</td>
<td>$222.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$548.9</td>
<td>$538.9</td>
<td>$546.07</td>
<td>$410.00</td>
<td>$218.4K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$542.2</td>
<td>$529.9</td>
<td>$534.41</td>
<td>$420.00</td>
<td>$213.7K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
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.
<h3>Current Position of ServiceNow</h3>
<ul>
<li>Currently trading with a volume of 344,302, the NOW's price is up by 1.04%, now at $953.21. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 79 days.</li>
</ul>
<h3>Expert Opinions on ServiceNow</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $984.0.
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&#x2A; Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for ServiceNow, targeting a price of $950. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1020. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on ServiceNow with a target price of $1000. 
&#x2A; An analyst from Piper Sandler has decided to maintain their Overweight rating on ServiceNow, which currently sits at a price target of $1000. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on ServiceNow with a target price of $950. 
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Looking At ServiceNow's Recent Unusual Options Activity

In the dynamic and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) and its primary competitors in the Software industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>ServiceNow Background</h3>
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.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>ServiceNow Inc</td>
<td>145.33</td>
<td>20.72</td>
<td>18.52</td>
<td>4.81%</td>
<td>$0.67</td>
<td>$2.21</td>
<td>22.25%</td>
</tr>
<tr>
<td>Microsoft Corp</td>
<td>33.55</td>
<td>10.50</td>
<td>11.94</td>
<td>8.87%</td>
<td>$38.23</td>
<td>$45.49</td>
<td>16.04%</td>
</tr>
<tr>
<td>Oracle Corp</td>
<td>43.26</td>
<td>43</td>
<td>8.83</td>
<td>30.01%</td>
<td>$5.44</td>
<td>$9.4</td>
<td>6.86%</td>
</tr>
<tr>
<td>Palo Alto Networks Inc</td>
<td>49.48</td>
<td>22.80</td>
<td>15.89</td>
<td>7.42%</td>
<td>$0.39</td>
<td>$1.62</td>
<td>12.09%</td>
</tr>
<tr>
<td>CrowdStrike Holdings Inc</td>
<td>430.20</td>
<td>25.50</td>
<td>20.96</td>
<td>1.75%</td>
<td>$0.12</td>
<td>$0.73</td>
<td>31.74%</td>
</tr>
<tr>
<td>Fortinet Inc</td>
<td>46.53</td>
<td>208.72</td>
<td>11.02</td>
<td>504.05%</td>
<td>$0.5</td>
<td>$1.16</td>
<td>10.95%</td>
</tr>
<tr>
<td>Gen Digital Inc</td>
<td>29.40</td>
<td>8.54</td>
<td>4.76</td>
<td>7.92%</td>
<td>$0.54</td>
<td>$0.78</td>
<td>0.93%</td>
</tr>
<tr>
<td>Monday.Com Ltd</td>
<td>358.38</td>
<td>16.10</td>
<td>17.53</td>
<td>1.62%</td>
<td>$0.0</td>
<td>$0.21</td>
<td>34.4%</td>
</tr>
<tr>
<td>Dolby Laboratories Inc</td>
<td>33.44</td>
<td>2.86</td>
<td>5.65</td>
<td>1.58%</td>
<td>$0.06</td>
<td>$0.25</td>
<td>-3.2%</td>
</tr>
<tr>
<td>CommVault Systems Inc</td>
<td>39.64</td>
<td>24.59</td>
<td>7.85</td>
<td>5.56%</td>
<td>$0.02</td>
<td>$0.18</td>
<td>3.83%</td>
</tr>
<tr>
<td>Qualys Inc</td>
<td>26.32</td>
<td>10.26</td>
<td>7.72</td>
<td>10.52%</td>
<td>$0.05</td>
<td>$0.12</td>
<td>8.38%</td>
</tr>
<tr>
<td>Teradata Corp</td>
<td>50.36</td>
<td>41.30</td>
<td>1.80</td>
<td>57.36%</td>
<td>$0.09</td>
<td>$0.27</td>
<td>-5.63%</td>
</tr>
<tr>
<td>Progress Software Corp</td>
<td>34.45</td>
<td>6.46</td>
<td>3.97</td>
<td>6.88%</td>
<td>$0.06</td>
<td>$0.15</td>
<td>2.11%</td>
</tr>
<tr>
<td>N-able Inc</td>
<td>67.94</td>
<td>3.13</td>
<td>5.10</td>
<td>1.32%</td>
<td>$0.03</td>
<td>$0.1</td>
<td>12.6%</td>
</tr>
<tr>
<td>Average</td>
<td>95.61</td>
<td>32.6</td>
<td>9.46</td>
<td>49.6%</td>
<td>$3.5</td>
<td>$4.65</td>
<td>10.08%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
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 tr:hover {
 background-color: #e1e4ea;
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 td:nth-child(3), td:nth-child(5) {
 text-align: left;
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 font-weight: bold;
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 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>After thoroughly examining ServiceNow, the following trends can be inferred: 
<ul>
<li>
At 145.33, the stock's Price to Earnings ratio significantly exceeds the industry average by 1.52x, suggesting a premium valuation relative to industry peers.
</li>
<li>
Considering a Price to Book ratio of 20.72, which is well below the industry average by 0.64x, the stock may be undervalued based on its book value compared to its peers.
</li>
<li>
With a relatively high Price to Sales ratio of 18.52, which is 1.96x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
The Return on Equity (ROE) of 4.81% is 44.79% below the industry average, suggesting potential inefficiency in utilizing equity to generate profits.
</li>
<li>
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $670 Million is 0.19x below the industry average, suggesting potential lower profitability or financial challenges.
</li>
<li>
With lower gross profit of $2.21 Billion, which indicates 0.48x below the industry average, the company may experience lower revenue after accounting for production costs.
</li>
<li>
The company's revenue growth of 22.25% exceeds the industry average of 10.08%, indicating strong sales performance and market outperformance.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730473248_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a financial metric that helps determine the level of financial risk associated with a company's capital structure.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When evaluating ServiceNow alongside its top 4 peers in terms of the Debt-to-Equity ratio, the following insights arise:
<ul>
<li>
ServiceNow is in a relatively stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.24.
</li>
<li>
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity.
</li>
</ul>
<h3>Key Takeaways</h3>
For ServiceNow in the Software industry, the PE ratio is high compared to peers, indicating potential overvaluation. The PB ratio is low, suggesting the stock may be undervalued based on its book value. The PS ratio is high, signaling rich valuation relative to sales. In terms of ROE, EBITDA, gross profit, and revenue growth, ServiceNow lags behind its industry peers, reflecting lower profitability and growth potential.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Understanding ServiceNow's Position In Software Industry Compared To Competitors

ServiceNow's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) short percent of float has fallen 8.99% since its last report. The company recently reported that it has 3.53 million shares sold short, which is 1.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.33 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ServiceNow Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730404825_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ServiceNow has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ServiceNow's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ServiceNow's peer group average for short interest as a percentage of float is 5.09%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into ServiceNow's Recent Short Interest

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 10 years by 19.26% on an annualized basis producing an average annual return of 30.47%. Currently, ServiceNow has a market capitalization of $197.22 billion. 
Buying $1000 In NOW: If an investor had bought $1000 of NOW stock 10 years ago, it would be worth $14,437.77 today based on a price of $955.92 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730226612_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In ServiceNow 10 Years Ago Would Be Worth This Much Today

Citigroup analyst Tyler Radke 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 $1068 to $1071.

Citigroup Maintains Buy on ServiceNow, Raises Price Target to $1071

Bernstein analyst Peter Weed 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 $906 to $913.

Bernstein Maintains Outperform on ServiceNow, Raises Price Target to $913

RBC Capital analyst Matthew Hedberg 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 $985 to $1045.

RBC Capital Maintains Outperform on ServiceNow, Raises Price Target to $1045

Tech stocks outperformed on Thursday, driven by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which skyrocketed 18% in midday trading following stronger-than-<a href="https://www.benzinga.com/news/24/10/41515376/tesla-to-rally-more-than-24-here-are-10-top-analyst-forecasts-for-thursday">expected quarterly financial results. </a>
The electric vehicle giant is on track for its best session since March 2021.
Despite Tesla&#8217;s spectacular rally, broader market sentiment remained cautious, reflecting recent trends of subdued risk appetite.
In macroeconomic news, weekly jobless claims dropped significantly, coming in below expectations and suggesting ongoing resilience <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41517353/jobless-claims-fall-more-than-expected-continuing-benefits-surge-to-nearly-3-year-h">in the labor market. </a>
Meanwhile, private sector activity surveys revealed better-than-expected conditions in both services and manufacturing this month and a further <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41520604/us-private-sector-growth-remains-strong-in-october-price-pressures-now-consistent">reduction in price pressures. </a>
Both the S&amp;P 500 and Russell 2000 traded flat, while the Dow Jones fell 0.6%. The consumer discretionary sector led gains, heavily influenced by Tesla's stellar performance.
The U.S. dollar softened slightly, and Treasury yields edged lower, easing pressure on gold. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) rose 0.6%.
Oil prices dropped 1%, heading for a second consecutive day of losses. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained 1.8%. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,164.58</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,796.37</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,207.55</td>
<td>0.0% </td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,259.72</td>
<td>-0.6% </td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $577.32.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.7% to $422.33.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.4% to $489.81.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% down to $218.88.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 2.5%, predominately affected by Tesla. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings results include: 
<ul>
<li>T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), up over 4%, </li>
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), down over 6%,</li>
<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), up over 5%,</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), up 3.8%,</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), down over 9%,</li>
<li>United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), down 2%,</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), up 1.3%,</li>
<li>Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), up over 7%,</li>
<li>S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), down 2.4%,</li>
<li>Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), down 5%, </li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), down 4.4%, </li>
<li>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), up 3.4%, </li>
<li>United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 5.1%, </li>
<li>Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), down 7%, </li>
<li>Nasdaq Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), up 1.6%, </li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 0.7%, </li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) up by over 9%, </li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), down 1.1%,</li>
</ul>
<ul>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) dropped over 3%, despite posting better-than-expected results and reaching a deal with Elliott Investment Management on the board&#8217;s composition. However, the CEO warned of potential delivery delays due to Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) ongoing machinist strike.</li>
</ul>
Large-cap companies slated to report results after the close include Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Ameriprise Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), Edward Lifesciences Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>), ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>), DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>). 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars</a></li>
</ul>
Image created using artificial intelligence via MidJourney .

Equities

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Small Cap

Econ #s

Tech

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$BTC

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DXCM

LRCX

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Tech Stocks Rebound, Tesla Marks Best 1-Day Gain Since March 2021, Gold Rises As Treasury Yields Ease: What's Driving Markets Thursday?

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 $1000 to $1025.

TD Cowen Maintains Buy on ServiceNow, Raises Price Target to $1025

Stifel analyst Brad Reback 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 $900 to $990.

Stifel Maintains Buy on ServiceNow, Raises Price Target to $990

Keybanc analyst Jason Ader 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 $1020 to $1040.

Keybanc Maintains Overweight on ServiceNow, Raises Price Target to $1040

Evercore ISI Group analyst Kirk Materne 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 $950 to $1000.

Evercore ISI Group Maintains Outperform on ServiceNow, Raises Price Target to $1000

Salesforce plans to hire 1,000 to help market AI agent platform: report

The Software-as-a-Service market is booming, fueled by cloud adoption, AI advancements, rising cybersecurity demands, and industry-specific needs, making stocks like Salesforce (CRM), Adobe (ADBE), and ServiceNow (NOW) hard to ignore. Read on... Companies are rapidly embracing cloud-based software for its flexibility and cost-effectiveness, fueling consistent growth in the SaaS sector. With advancements in AI and machine learning, SaaS platforms now offer enhanced automation, personalized experiences, and predictive insights, making these services increasingly valuable and efficient.
As a result, top Software-as-a-Service stocks like Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>), Adobe Inc. (<a href="https://stocknews.com/stock/ADBE/">ADBE</a>), and ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>) are hard for investors to overlook.
In today's digital landscape, rising cyber threats make cybersecurity-focused SaaS solutions essential, fueling growth in secure, cloud-based models. As businesses further digitize, niche SaaS products tailored to industries like finance and healthcare offer specialized functionality, driving demand. Gartner projects a 20% increase in SaaS spending, reaching <a href="https://www.gartner.com/en/newsroom/press-releases/2024-05-20-gartner-forecasts-worldwide-public-cloud-end-user-spending-to-surpass-675-billion-in-2024#:~:text=SaaS%20spending%20is%20projected%20to,consumption%20model%2C%E2%80%9D%20said%20Nag.">$247.2 billion by 2024</a>.
Consequently, companies are increasingly investing in software services like Customer Relationship Management (CRM), content creation and management tools, and enterprise automation to enhance digital engagement and streamline operations. As a result, the software market is projected to reach <a href="https://www.statista.com/outlook/tmo/software/worldwide">$858.1 billion</a>, with a 5.3% CAGR from 2024 to 2028.
Furthermore, the global Software-as-a-Service market is projected to grow at a <a href="https://www.researchandmarkets.com/reports/5939098/software-service-saas-global-market-report">6.2% CAGR</a>, reaching $325.84 billion by 2028. Let's now dive into the fundamentals of the key Software-as-a-Service stocks highlighted above.
Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>)
CRM provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices.
On October 29, 2024, CRM introduced Agentforce, a customizable AI agent platform that autonomously handles business tasks across sales, service, marketing, and commerce. Using Agent Builder, users can easily create and deploy AI agents to automate processes, enhancing efficiency and customer experience without complex integration.
On September 17, 2024, CRM announced a partnership with NVIDIA to advance AI agents on the Salesforce platform, integrating NVIDIA's AI tools to enhance customer interactions and productivity through autonomous agents and human-like avatars. This collaboration will empower businesses with faster, AI-driven insights and engaging real-time digital experiences.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, CRM's 25.63% is 153.5% higher than the 10.11% industry average. Likewise, its 76.35% trailing-12-month gross profit margin is 51.4% higher than the 50.43% industry average. Its 19.06% trailing-12-month EBIT margin is 270.5% higher than the 5.14% industry average.
CRM's total revenues for the fiscal second quarter that ended on July 31, 2024, rose 8.4% year-over-year to $9.33 billion. Its non-GAAP income from operations rose 15.5% from the year-ago value to $3.14 billion. Similarly, the company's non-GAAP net income and non-GAAP net income per share came in at $2.50 billion and $2.56 per share, up 19.1% and 20.8% over the prior-year quarter, respectively.
Street expects CRM's EPS and revenue for the quarter ending October 31, 2024, to increase 15.9% and 7.2% year-over-year to $2.45 and $9.35 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 48% to close the last trading session at $306.90.
CRM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Sentiment and Quality. Within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, it is ranked #18 out of 130 stocks. To access additional grades for CRM's Growth, Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/CRM/">click here</a>.
Adobe Inc. (<a href="https://stocknews.com/stock/ADBE/">ADBE</a>)
ADBE provides professionals, communicators, businesses, and consumers with a range of products and services to create, manage, deliver, measure, optimize, engage, and transact with content and experiences across diverse digital media formats. Its segments include Digital Media; Digital Experience; and Publishing and Advertising.
On October 14, 2024, ADBE announced major updates to Photoshop and Illustrator, introducing AI-powered features like Generative Fill and Generative Shape Fill to streamline workflows and enhance precision. These innovations, powered by Adobe Firefly, provide faster, more intuitive tools for creative professionals across digital and 3D design.
On the same date, ADBE announced the launch of GenStudio for Performance Marketing, a generative AI-first tool that helps marketing and creative teams create, manage, and optimize ad campaigns across multiple platforms with real-time insights and integrations.
In terms of the trailing-12-month Return on Common Equity margin, ADBE's 35.36% is 721% higher than the 4.31% industry average. Similarly, its 31.60% trailing-12-month levered FCF margin is 194.8% higher than the 10.72% industry average. Additionally, its 25.59% trailing-12-month net income margin is 628.4% higher than the 3.51% industry average.
For the third quarter that ended August 30, 2024, ADBE's total revenue increased 10.6% year-over-year to $5.41 billion. During the same period, its non-GAAP operating income grew 11.1% from the previous year to $2.51 billion. Additionally, its non-GAAP net income and non-GAAP EPS were $2.08 billion and $4.65, respectively, representing increases of 10.8% and 13.7% year-over-year.
Analysts expect ADBE's EPS and revenue for the quarter ending November 30, 2024, to increase 9.4% and 9.8% year-over-year to $4.67 and $5.54 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past six months, the stock has gained 2.3% to close the last trading session at $504.83.
ADBE's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Stability and Sentiment. It is ranked #27 in the Software – Application industry. Beyond what we stated above, we also have given ADBE grades for Growth, Value, and Momentum. Get all the ADBE ratings <a href="https://stocknews.com/stock/ADBE/">here</a>.
ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>)
NOW provides enterprise cloud computing solutions that define, structure, consolidate, manage, and automate services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, data benchmarking, encryption, etc.
On September 10, 2024, NOW announced data enhancements to the Now Platform, including RaptorDB Pro, which improves transaction times by 53% and boosts analytics speed by 27X. A future addition, Knowledge Graph, will provide real-time data personalization across enterprise operations.
In terms of the trailing-12-month net income margin, NOW's 12.77% is 263.5% higher than the 3.51% industry average. Its 7.25% trailing-12-month Return on Total Assets is 280.2% higher than the 1.91% industry average. Also, its 8.22% trailing-12-month Capex / Sales is 298.6% higher than the industry average of 2.06%.
During the third quarter ended September 30, 2024, NOW's total revenues rose 22.2% year-over-year to $2.80 billion. Its non-GAAP gross profit rose 23.2% from the year-ago quarter to $2.31 billion. Its non-GAAP net income rose 28.5% year-over-year to $775 million. Also, the company's non-GAAP net income per share came in at $3.13, representing an increase of 27.4% year-over-year.
For the quarter ending December 31, 2024, NOW's EPS is expected to increase 17.6% year-over-year to $3.66. Its revenue for the same quarter is expected to rise 21.6% year-over-year to $2.96 billion. NOW surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 63.2% to close the last trading session at $994.48.
NOW's positive outlook is reflected in its POWR Ratings. It is ranked #14 out of 39 stocks in the <a href="Software%20-%20Business">Software – Business</a> industry. It has a B grade for Growth, Sentiment, and Quality. To see NOW's Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/NOW/">click here</a>.
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CRM shares were trading at $310.77 per share on Thursday afternoon, up $3.87 (+1.26%). Year-to-date, CRM has gained 18.62%, versus a 26.56% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/crm-now-adbe-3-software-as-a-service-stocks-you-cant-ignore/>3 Software-as-a-Service Stocks You Can't Ignore</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Software-as-a-Service Stocks You Can't Ignore

Cloudflare Q3: Another Beat And Raise Gets It Closer To Its $5 Billion Revenue Target

Salesforce, Palantir lead enterprise software stocks higher to start week

Twilio gets bullish views at Wells Fargo, while Five9 and Sprinklr see rating cuts

Polen Focus Growth Portfolio Q3 2024 Commentary

ServiceNow (NOW) announced new generative AI GenAI and governance innovations to advance autonomous, responsible AI on the Now Platform. With this ...

ServiceNow advances autonomous AI on the Now Platform

KeyBanc raised the firm's price target on CyberArk (CYBR) to $355 from $340 and keeps an Overweight rating on the shares following a solid Q3 ARR b...

CyberArk price target raised to $355 from $340 at KeyBanc

Group Dinner Meeting to be held in New York on November 20 hosted by Needham. Published first on TheFly – the ultimate source for real-time, market...

ServiceNow management to meet with Needham

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Press Releases

ServiceNow Partners With Databricks to Deliver Zero Copy Integration That Supercharges Machine Learning and AI Capabilities

ServiceNow Introduces Workflow Data Fabric, Forging a New Generation of AI-fueled Productivity for the Enterprise

ServiceNow Partners With NVIDIA to Accelerate Enterprise Adoption of Agentic AI

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

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