<div id="readability-page-1"><p><span>ServiceNow (NYSE:NOW - Get Free Report)</span> was upgraded by equities researchers at Arete Research to a &#34;hold&#34; rating in a note issued to investors on Thursday,Zacks.com reports.</p><ul><li>Checkmate in the Cloud: ServiceNow's Shopping Spree</li></ul><p>Several other brokerages have also issued reports on NOW. Mizuho  set a $1,150.00 price target on ServiceNow in a research note on Thursday, October 30th. Piper Sandler  reiterated an &#34;overweight&#34; rating and set a $1,150.00 price objective on shares of ServiceNow in a report on Thursday, October 30th. Wall Street Zen cut shares of ServiceNow from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, December 3rd. DA Davidson  set a $1,250.00 target price on ServiceNow in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group  reiterated a &#34;buy&#34; rating and issued a $1,120.00 price target on shares of ServiceNow in a report on Thursday, October 30th. One investment analyst  has rated the stock with a Strong Buy rating, thirty-one have assigned  a Buy rating, five have issued  a Hold rating and one  has assigned  a Sell rating to the company. Based on data from MarketBeat, ServiceNow presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $1,149.67.</p><p><b>Read Our Latest Research Report on ServiceNow</b></p><h2>ServiceNow Stock Performance</h2><ul><li>MarketBeat Week in Review – 11/10 - 11/14</li></ul><p>NYSE:NOW opened at $865.17 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.06 and a current ratio of 1.06. ServiceNow has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The company has a 50 day simple moving average of $873.65 and a two-hundred day simple moving average of $925.99. The company has a market capitalization of $179.96 billion, a PE ratio of 104.62, a P/E/G ratio of 3.62 and a beta of 0.97. </p><p>Shares of ServiceNow are going to split on Thursday, December 18th. The 5-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, December 17th.</p><ul><li>ServiceNow's AI Efficiency Push Has Analysts Targeting Big Gains</li></ul><p>ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 EPS for the quarter, beating analysts' consensus estimates of $4.21 by $0.61. ServiceNow had a net margin of 13.66% and a return on equity of 18.74%. The business had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the prior year, the firm posted $3.72 earnings per share. The business's quarterly revenue was up 21.8% compared to the same quarter last year.  Research analysts anticipate that  ServiceNow will post 8.93 earnings per share for the current year. </p><h2>Insider Buying and Selling at ServiceNow</h2><p>In other ServiceNow news, Director Lawrence Jackson sold 265 shares of ServiceNow stock in a transaction on Friday, November 28th. The shares were sold at an average price of $810.22, for a total transaction of $214,708.30. Following the transaction, the director directly owned 323 shares of the company's stock, valued at $261,701.06. The trade was a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, CFO Gina Mastantuono sold 415 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $850.00, for a total transaction of $352,750.00. Following the completion of the sale, the chief financial officer owned 12,228 shares of the company's stock, valued at approximately $10,393,800. This represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,062 shares of company stock valued at $2,533,585 in the last three months. Insiders own  0.34% of the company's stock. </p><h2>Hedge Funds Weigh In On ServiceNow</h2><p>Hedge funds and other institutional investors have recently modified their holdings of the business. Kilter Group LLC bought a new position in  ServiceNow in the 2nd quarter valued at $25,000.  IAG Wealth Partners LLC grew its position in  ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after buying an additional 18 shares during the period.  Global X Japan Co. Ltd. bought a new position in  ServiceNow during the second quarter valued at about $30,000.  Total Investment Management Inc. purchased a new stake in  ServiceNow during the second quarter worth about $31,000.  Finally, LGT Financial Advisors LLC bought a new stake in  ServiceNow in the second quarter worth about $32,000. Hedge funds and other institutional investors own  87.18% of the company's stock. </p><h2>ServiceNow Company Profile</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than ServiceNow</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>3 Must-Buy Warren Buffett Stocks for Volatile Times</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li><li>What Makes a Stock a Good Dividend Stock?</li><li>MarketBeat Week in Review – 12/8 - 12/12</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5PVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5PVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ServiceNow Right Now?</h2><p>Before you consider ServiceNow, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ServiceNow wasn't on the list.</p><p>While ServiceNow currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Arete Research upgraded ServiceNow (NYSE:NOW) to a "hold" rating. Other brokerages have set price targets ranging from $1,120.00 to $1,250.00. ServiceNow's stock will split 5-1 on December 18th. The company reported strong quarterly earnings with a 21.8% revenue increase. Insiders have sold shares recently, and hedge funds have adjusted their positions. ServiceNow has a market cap of $179.96 billion and a PE ratio of 104.62.</p>

ServiceNow (NYSE:NOW) Stock Rating Upgraded by Arete Research