Cantor Fitzgerald Raises Earnings Estimates for ServiceNow

ServiceNow, Inc. (NYSE:NOW) – Analysts at Cantor Fitzgerald upped their FY2025 earnings per share estimates for shares of ServiceNow in a research report issued on Thursday, October 30th. Cantor Fitzgerald analyst T. Blakey now forecasts that the information technology services provider will earn $9.93 per share for the year, up from their prior forecast of $9.23. Cantor Fitzgerald has a “Overweight” rating and a $1,200.00 price target on the stock. The consensus estimate for ServiceNow’s current full-year earnings is $8.93 per share. Cantor Fitzgerald also issued estimates for ServiceNow’s FY2026 earnings at $12.16 EPS.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,200.00 price objective on shares of ServiceNow in a report on Thursday, October 30th. Wall Street Zen downgraded ServiceNow from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup upped their price objective on ServiceNow from $1,234.00 to $1,253.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Barclays upped their price objective on ServiceNow from $1,210.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $1,250.00 price objective on shares of ServiceNow in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,159.66.

ServiceNow Stock Down 3.0%

NYSE NOW opened at $886.54 on Monday. The firm has a market cap of $184.02 billion, a PE ratio of 107.20, a price-to-earnings-growth ratio of 4.11 and a beta of 0.92. ServiceNow has a one year low of $678.66 and a one year high of $1,198.09. The stock’s 50 day simple moving average is $923.25 and its 200 day simple moving average is $950.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09.

ServiceNow’s stock is going to split on Friday, December 5th. The 5-1 split was announced on Wednesday, October 29th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, December 4th.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, October 29th. The information technology services provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.61. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. ServiceNow had a return on equity of 19.23% and a net margin of 13.66%.ServiceNow’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.72 EPS.

Institutional Trading of ServiceNow

Several hedge funds have recently added to or reduced their stakes in the business. Kilter Group LLC bought a new position in ServiceNow during the 2nd quarter worth about $25,000. Global X Japan Co. Ltd. bought a new position in ServiceNow during the 2nd quarter worth about $30,000. Total Investment Management Inc. bought a new position in ServiceNow during the 2nd quarter worth about $31,000. LGT Financial Advisors LLC bought a new position in ServiceNow during the 2nd quarter worth about $32,000. Finally, Bogart Wealth LLC increased its holdings in ServiceNow by 93.8% during the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Russell S. Elmer sold 1,698 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $884.26, for a total value of $1,501,473.48. Following the transaction, the general counsel owned 4,332 shares of the company’s stock, valued at $3,830,614.32. This represents a 28.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $866.45, for a total value of $1,489,427.55. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at approximately $2,599,350. This trade represents a 36.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,980 shares of company stock worth $16,049,017 over the last 90 days. 0.38% of the stock is currently owned by corporate 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.