Brokers Issue Forecasts for ServiceNow FY2026 Earnings

ServiceNow, Inc. (NYSE:NOW) – Stock analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for ServiceNow in a note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey forecasts that the information technology services provider will post earnings of $11.81 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $1,048.00 price target on the stock. The consensus estimate for ServiceNow’s current full-year earnings is $8.93 per share.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. ServiceNow’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.41 earnings per share.

NOW has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their price target on ServiceNow from $1,200.00 to $970.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Bank of America lowered their target price on ServiceNow from $1,280.00 to $1,025.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Canaccord Genuity Group lowered their target price on ServiceNow from $1,275.00 to $900.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. JMP Securities reissued a “market outperform” rating and set a $1,300.00 target price on shares of ServiceNow in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company boosted their target price on ServiceNow from $1,100.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,062.50.

ServiceNow Stock Down 0.6%

NOW stock opened at $1,003.66 on Tuesday. The company has a market cap of $207.74 billion, a PE ratio of 146.95, a price-to-earnings-growth ratio of 4.51 and a beta of 0.95. The business has a 50-day simple moving average of $933.88 and a 200 day simple moving average of $974.34. ServiceNow has a 52 week low of $678.66 and a 52 week high of $1,198.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently modified their holdings of NOW. Brighton Jones LLC boosted its holdings in shares of ServiceNow by 1.1% during the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock worth $2,919,000 after buying an additional 30 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of ServiceNow during the 4th quarter worth approximately $48,802,000. Kingsview Wealth Management LLC boosted its holdings in shares of ServiceNow by 4.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,765 shares of the information technology services provider’s stock worth $2,931,000 after buying an additional 127 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of ServiceNow by 30.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,927 shares of the information technology services provider’s stock worth $5,223,000 after buying an additional 1,141 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of ServiceNow by 21.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 356 shares of the information technology services provider’s stock worth $377,000 after buying an additional 64 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 248 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,009.14, for a total transaction of $250,266.72. Following the completion of the sale, the director now owns 10,643 shares of the company’s stock, valued at approximately $10,740,277.02. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the sale, the insider now directly owns 3,000 shares of the company’s stock, valued at $3,060,000. This represents a 28.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is currently owned by company insiders.

About ServiceNow

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.