ServiceNow, Inc. (NOW)
NYSE: NOW · IEX Real-Time Price · USD
758.01
-2.56 (-0.34%)
At close: May 16, 2024, 4:00 PM
758.02
+0.01 (0.00%)
After-hours: May 16, 2024, 7:55 PM EDT
ServiceNow Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for ServiceNow stock have an average target of 790.34, with a low estimate of 575 and a high estimate of 950. The average target predicts an increase of 4.27% from the current stock price of 758.01.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for ServiceNow stock from 30 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 13 | 14 | 14 | 13 | 12 | 11 |
| Buy | 21 | 21 | 21 | 18 | 18 | 16 |
| Hold | 1 | 2 | 2 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 35 | 37 | 37 | 33 | 33 | 30 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Buy Reiterates $830 | Buy | Reiterates | $830 | +9.50% | May 10, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $825 | Buy | Reiterates | $825 | +8.84% | May 7, 2024 |
| Baird | Baird | Buy Maintains $870 → $885 | Buy | Maintains | $870 → $885 | +16.75% | May 7, 2024 |
| Needham | Needham | Strong Buy Reiterates $900 | Strong Buy | Reiterates | $900 | +18.73% | May 7, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $814 → $830 | Buy | Maintains | $814 → $830 | +9.50% | Apr 25, 2024 |
Financial Forecast
Revenue This Year
10.99B
from 8.97B
Increased by 22.52%
Revenue Next Year
13.27B
from 10.99B
Increased by 20.71%
EPS This Year
13.36
from 8.42
Increased by 58.72%
EPS Next Year
16.16
from 13.36
Increased by 20.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.8B | 14.8B | 18.4B | 20.0B | 24.0B |
| Avg | 11.0B | 13.3B | 16.1B | 18.9B | 22.4B |
| Low | 10.4B | 12.5B | 14.6B | 17.9B | 20.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.9% | 34.3% | 38.6% | 24.8% | 27.1% |
| Avg | 22.5% | 20.7% | 21.0% | 17.7% | 18.5% |
| Low | 15.4% | 13.5% | 9.9% | 11.6% | 10.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.11 | 19.06 | 24.04 | 25.13 | 30.70 |
| Avg | 13.36 | 16.16 | 19.88 | 23.46 | 28.67 |
| Low | 12.08 | 15.01 | 17.49 | 22.08 | 26.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 79.4% | 42.6% | 48.8% | 26.4% | 30.9% |
| Avg | 58.7% | 20.9% | 23.1% | 18.0% | 22.2% |
| Low | 43.5% | 12.3% | 8.3% | 11.1% | 15.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.