Barclays Begins Coverage on ServiceNow (NYSE:NOW)

Equities researchers at Barclays started coverage on shares of ServiceNow (NYSE:NOW – Get Free Report) in a report released on Thursday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $132.00 price target on the information technology services provider’s stock. Barclays‘s price objective indicates a potential upside of 46.53% from the stock’s current price.

Several other equities analysts have also recently weighed in on NOW. Cantor Fitzgerald cut their price target on ServiceNow to $122.00 and set an “overweight” rating for the company in a report on Thursday. Needham & Company LLC cut their price target on ServiceNow from $155.00 to $115.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer set a $130.00 price target on ServiceNow and gave the company an “outperform” rating in a report on Wednesday, April 15th. Wells Fargo & Company cut their price target on ServiceNow from $185.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday. Finally, UBS Group set a $150.00 price target on ServiceNow in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $146.65.

Check Out Our Latest Report on NOW

ServiceNow Stock Performance

NYSE NOW opened at $90.09 on Thursday. The stock has a market capitalization of $93.34 billion, a PE ratio of 53.69, a P/E/G ratio of 1.42 and a beta of 1.01. The business has a 50 day simple moving average of $104.84 and a two-hundred day simple moving average of $137.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 1.00. ServiceNow has a 1-year low of $81.24 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. On average, research analysts predict that ServiceNow will post 2.49 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the transaction, the director owned 46,430 shares in the company, valued at approximately $4,697,323.10. The trade was a 3.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the transaction, the insider owned 26,314 shares of the company’s stock, valued at approximately $2,781,652.94. This trade represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 16,237 shares of company stock worth $1,697,162. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC lifted its stake in shares of ServiceNow by 127.2% during the 1st quarter. Root Financial Partners LLC now owns 1,313 shares of the information technology services provider’s stock worth $137,000 after acquiring an additional 735 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its stake in shares of ServiceNow by 178.9% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 170,468 shares of the information technology services provider’s stock worth $17,822,000 after acquiring an additional 109,341 shares during the last quarter. LB Partners LLC bought a new stake in shares of ServiceNow during the 1st quarter worth approximately $627,000. Essex Financial Services Inc. lifted its stake in shares of ServiceNow by 43.9% during the 1st quarter. Essex Financial Services Inc. now owns 4,317 shares of the information technology services provider’s stock worth $451,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Secured Retirement Advisors LLC bought a new stake in shares of ServiceNow during the 1st quarter worth approximately $540,000. 87.18% of the stock is owned by institutional investors.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company fundamentals and AI traction remain supportive — ServiceNow beat revenue/earnings views for Q1 and highlighted accelerating AI product adoption (Now Assist / AI agents) that management says will drive long‑term growth. ServiceNow Reports First Quarter 2026 Financial Results
• Positive Sentiment: Strategic moves boost the product and security stack — ServiceNow closed the $7.75B Armis acquisition (extends security capabilities) and deepened Google Cloud AI partnerships, which support cross‑sell and AI workflow positioning. Armis acquisition Google Cloud partnership
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed buy/overweight ratings (some even raised PTs), but many cut targets after the quarter; consensus still leaves upside from current levels, reflecting disagreement over near‑term vs. long‑term outlook. Analyst coverage
• Negative Sentiment: Geopolitical deal delays hit near‑term growth — Management said Middle East conflict delayed several large deal closings (≈75 bps revenue headwind in Q1), and that pushed investors to downgrade near‑term growth expectations. Middle East deal delays
• Negative Sentiment: Margin and guidance concerns — Investors focused on acquisition costs (Armis) and a softer margin outlook/full‑year subscription guidance that many viewed as disappointing, triggering the sector‑wide selloff. Margin/guidance coverage
• Negative Sentiment: Short interest jumped — Short interest rose ~30% in April to ~38.95M shares (~3.8% of shares), increasing potential downside pressure and volatility if bearish sentiment persists.