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NOW·ServiceNow, Inc.

$135.18
-3.29 (-2.38%)
Market Closed (Overnight)$136.04+0.86 (+0.64%)
High
$139.94
Open
$139.71
Market Cap
141.42B
52W High
$197.60
Low
$135.06
P. Close
$135.18
P/E
84.68
52W Low
$81.24
Fwd P/E
27.06
DailyIQ Est.
$163.25
Inst. Ownership
42.3%
Short Interest
2.92%
Days to Cover
1.6
Technical Score (1D)
59
BUY
News Sentiment
41
BEARISH
Federal debt concerns are tightening sovereign risk, which could compress growth‑stock valuations, and ServiceNow is highlighted as a large‑cap cloud platform that may be sensitive to higher discount rates. The company’s robust balance sheet and pricing power provide some cushion, but the broader environment could dampen valuation multiples for enterprise software firms. Traders should monitor how rate‑sensitive growth names are priced relative to their peers as the debt‑ceiling debate unfolds. In addition, ServiceNow’s recent rally is stalling near its 320‑day moving average, a historically bearish level that has preceded declines. The shares have spent more than 80 % of recent sessions below the trendline, a pattern that has previously led to a 6.9 % drop after similar setups. Analysts remain bullish overall, but the technical signal suggests potential downside risk in the near term. The combination of higher rate pressure and a bearish technical pattern could weigh on ServiceNow’s valuation over the next 1–10 trading days. Watch for any further tightening of the debt‑ceiling debate, as it may accelerate discount‑rate hikes and push enterprise software multiples lower. Also keep an eye on the 320‑day moving‑average trendline; a break below it could confirm the technical warning and trigger a short‑term pullback.
Earnings Summary
ServiceNow, Inc. is a global provider of cloud‑based digital workflow solutions, delivering its AI‑powered Now Platform across IT, customer service, HR, and security functions to a broad range of industries, positioning it as a key player in the enterprise software market. In the most recent quarters, revenue grew from $2.957B in Q4 2024 to $3.708B in Q1 2025, then to $3.215B in Q2 2025, and $3.407B in Q3 2025, reflecting a steady upward trajectory of 4.5% to 5.5% quarter‑over‑quarter growth; EPS consistently beat estimates, with 0.734 vs 0.7325 in Q4 2024, 0.808 vs 0.7669 in Q1 2025, 0.818 vs 0.7136 in Q2 2025, and 0.964 vs 0.8531 in Q3 2025, indicating robust earnings momentum. Historically, ServiceNow has maintained double‑digit YoY revenue growth, with 28% YoY revenue growth reported in Q4 2026, and has repeatedly outperformed analyst expectations for EPS, underscoring a pattern of strong profitability despite market volatility. Recent news highlights the launch of the AI Control Tower and Context Engine, which embed identity, context, and cybersecurity controls into the workflow engine, potentially increasing platform stickiness and incremental revenue; Bridgewater’s sizable stake acquisition shortly after earnings signals institutional confidence in the company’s AI‑enabled growth trajectory. Investors should watch for the next earnings release to confirm whether the AI‑driven revenue growth continues, monitor any guidance updates that may reflect margin expansion, and stay alert to regulatory developments affecting cloud services or data privacy that could impact ServiceNow’s business model.}}

EPS

EstBeatMiss
$0.67$0.77$0.87$0.97$1.07Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$1.03 - -
Q2'26$0.86$0.90+4.3%
Q1'26$0.97$0.97-0.3%
Q4'25$0.89$0.92+3.2%
Q3'25$0.85$0.96+13.0%
Q2'25$0.71$0.82+14.6%

Revenue

EstBeatMiss
$3.1B$3.4B$3.7B$4.0B$4.3BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$4.1B - -
Q2'26$4.0B$4.0B+0.5%
Q1'26$3.8B$3.8B-0.3%
Q4'25$3.6B$3.6B+0.2%
Q3'25 - $3.4B -
Q2'25 - $3.2B -

Market Data

NOW Stock Snapshot

HOLD59/100
$136.04+$0.86 (0.6%)
Market cap
141.42B
P/E ratio
84.7
Day range
$135.06 – $139.94
News sentiment
41/100 · Neutral
Analyst target
$143.84 (+5.7%)
Consensus
Buy · 56 analysts
52-week range+67.5% off low · -31.2% from high
$81.24$197.60
Price $136.04 DailyIQ Est. $163.25

Neither side has the upper hand on NOW right now, and the indicator set reflects that. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Behaviour On Record

What NOW's own history says about today's numbers

Realized volatility (21d)
49.4% 81st pct
Below its peak
-42.3%
vs 200-day average
+15.3%
Up days (1y)
48%

ServiceNow, Inc. is currently running 49.4% annualised volatility over the last 21 sessions. Measured against NOW's own 13 years of daily returns rather than a market-wide average, that is the 81st percentile elevated for this stock, against a typical reading of 34.0%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

NOW is trading -42.3% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -27.1%, and the deepest was -46.0% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits +15.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 61st percentile a somewhat wider gap than its own norm. Over the past year NOW closed higher on 48% of sessions, and it is currently 4 sessions into a falling streak.

On September specifically: over 13 years of records, NOW finished the month higher 5 of 13 times, with a median return of -2.5% and an average of -1.8%. Its strongest month historically has been May at +7.1% on average, its weakest March at -3.0%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: NOW has opened more than 2% away from the prior close in 154 of 3,267 sessions (4.7% of the time), with the largest gaps running +7.0% and -9.1%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, NOW moved an average of 6.0% in the session after earnings, closing higher 0 of those 3 times, with a median move of -5.4% and a largest of -7.9%.

All figures computed from 3,268 daily closes between 2013-09-20 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against NOW's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of NOW's sector?

ServiceNow, Inc. sits in the Technology sector, currently ranked 1st of 11 GICS sectors by relative-strength rotation score (leading). Within its narrower Software industry group, NOW ranks 3rd of 15 tracked industries, leading.

Sector rank
#1 of 11
Sector state
Leading
Sector rotation score
90
Industry rank
#3 of 15

Options Market

What is the options market pricing for NOW?

CallsPuts

For ServiceNow, Inc.'s nearest expiry (2026-09-25, 6 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.61), with at-the-money implied volatility around 47.3%. The options market is pricing roughly a ±6.2% move by that expiry — a range of about $124.05–$140.51.

Put/call ratio (2026-09-25)
0.61
ATM implied volatility
47.3%
Total open interest
33,522
Expected move by 2026-09-25
±6.2% ($124.05–$140.51)

Analyst Rating Changes

Are analysts turning bullish or bearish on NOW?

Needham most recently reiterated its rating on ServiceNow, Inc. to Buy on Sep 11, 2026 with a price target of $155 (from $115). Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.

Latest action
NeedhamBuy
90-day upgrades
1
90-day downgrades
0
Net rating momentum
+1
DateFirmActionRatingPrice target
Sep 11, 2026NeedhamMaintainedBuy$115 → $155
Sep 8, 2026BTIGMaintainedBuy$150 → $170
Aug 19, 2026B of A SecuritiesMaintainedBuy$130 → $150
Aug 17, 2026TD CowenReiteratedBuy$140
Aug 12, 2026Wells FargoMaintainedOverweight$160 → $175
Jul 23, 2026MacquarieMaintainedNeutral$109 → $110
Jul 23, 2026BernsteinMaintainedOutperform$236 → $248
Jul 23, 2026JP MorganMaintainedOverweight$145 → $150
Jul 23, 2026BMO CapitalMaintainedOutperform$115 → $118
Jul 23, 2026BairdMaintainedOutperform$118 → $125
Jul 23, 2026RBC CapitalReiteratedOutperform$130
Jul 23, 2026Cantor FitzgeraldReiteratedOverweight$141

NOW Competitive Positioning

ServiceNow, Inc. (NOW) is tracked alongside these names in Software - Application on DailyIQ — ranked by market cap, with today's move alongside.