ServiceNowの空売り状況は、投資家がServiceNowの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

ServiceNow (NYSE:NOW) 株価情報, 空売り情報

ServiceNow

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

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Service Nowは水曜日の取引終了後、第2四半期の業績を発表しました。第2四半期決算ServiceNowは26億2700万ドルの第2四半期売上を発表、コンセンサス予想（26億7000万ドル）を上回りました。同社は1株あたり3.13ドルの四半期利益を記録し、アナリストの予想を上回りました。

Service Now株　水曜の取引終了後第2四半期の業績を発表

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Oppenheimer analyst Brian Schwartz maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and raises the price target from $1020 to $1150.

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Oppenheimer Maintains Outperform on ServiceNow, Raises Price Target to $1150

Introducing GenAI-Powered Workflows Via Amazon Bedrock Connector And New Automation Solutions On AWS Marketplace, With Plans For Geographic Expansion To Canada And Europe In 2025

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ServiceNow And AWS Expand Strategic Collaboration

Cloudflare, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock is up after Morgan Stanley analyst Keith Weiss upgraded it from Equal-Weight to Overweight and raised its <a target="_blank" href="https://www.benzinga.com/quote/NET/analyst-ratings" rel="noreferrer noopener">price target from $92 to $130</a>.
Cloudflare remains one of the most compelling secular stories in Weiss&#8217; software coverage universe, given its large TAM (total addressable market), highly scalable network architecture, and emergence as a potential GenAI enabler as organizations look to adopt and experiment with LLMs (large language models).
The company is well-positioned to gain a share in the top two CIO spending priorities, Security and AI/ML.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/12/42269848/amazons-aws-ceo-teases-major-ai-advancements" rel="noreferrer noopener">Amazon&#8217;s AWS CEO Teases Major AI Advancements</a>
While Weiss has been on the sidelines historically, given a relatively high multiple (~17X NTM sales), he noted multiple tailwinds heading into 2025 that could drive upward estimate revisions and sustain, if not accelerate, revenue growth in an environment of increasing growth scarcity.
Given the compute-intensive nature, Weiss noted that more AI inference is done at the &#8220;edge,&#8221; which means on network devices closer to the end user, for cost, latency, and data security/residency reasons. Cloudflare Workers AI, a serverless GPU-powered platform on Cloudflare&#8217;s global network, provides all the foundational elements of running AI inference on more than 300 locations worldwide. Over 2 million developers are on the Cloudflare Workers platform.
Weiss&#8217; checks indicate a solid demand for Cloudflare R2 (storage) for training AI models. While early days, Weiss noted that the upside from AI inference could be meaningful as adoption grows and Cloudflare serves ~80% of the top 50 GenAI startups. He also stressed the upside of Cloudflare as a critical partner for Apple Inc Intelligence, where the company plays a significant role in encrypting AI queries for hundreds of millions of devices. Weiss estimates this could add 2-3pts to revenue growth in 2026-28.
Cloudflare is in the early innings of monetizing a wider, multi-product platform addressing over $80 billion in spending across security, networking, AI, and application services. This includes adopting developer products, including R2, Workers, AI gateway for training, inference, and monitoring AI workloads, and enterprise SASE (secure access service edge), where share gains are growing. Weiss noted faster-growing SASE and Developer/AI products growing from over 20% of revenue today to over 40% by 2028, driving durable 25-30% revenue growth in the longer term.&nbsp;&nbsp;
While Cloudflare has delivered consistent product innovation across multiple domains, it lacks a more strategic selling motion to fully monetize a large installed base of over 200K customers, including over 30% of Fortune 500. Adding well-respected enterprise sales leaders like Chief Revenue Officer Mark Anderson (former Palo Alto Networks, Inc head of sales) and Head of Product CJ Desai (former ServiceNow, Inc COO) can create a much-needed strategic selling motion with large enterprises.
Bottom line, with numerous product cycles in full gear, growing Edge AI contribution, and a fully ramped enterprise sales force ready to address this significant opportunity, Weiss noted that all the cards are aligned for a solid 2025 for Cloudflare, with revenue growth potentially accelerating throughout the year. This should sustain a premium multiple on higher estimates.
Weiss projected fourth-quarter revenue of $451.7 million (prior $455.3 million) and adjusted EPS of $0.18 (prior $0.16).
Price Action: NET stock is up 6.18% at $106.00 at last check Monday.
Also Read:
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Photo via T. Schneider/Shutterstock.com.

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Cloudflare's Apple Intelligence Partnership, Large TAM, Generative AI Enabler Position It For Upside, Analyst Says

In the latest quarter, 32 analysts provided ratings for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">12</td>
<td align="right">18</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">9</td>
<td align="right">16</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $1022.41, a high estimate of $1250.00, and a low estimate of $900.00. Marking an increase of 10.48%, the current average surpasses the previous average price target of $925.44. 
<img src="https://www.benzinga.com/files/images/story/2024/1733155223_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of ServiceNow by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$1250.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$1150.00</td>
<td>$1075.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1070.00</td>
<td>$980.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1150.00</td>
<td>$1050.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1071.00</td>
<td>$1068.00</td>
</tr>
<tr>
<td>Peter Weed</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Outperform</td>
<td>$913.00</td>
<td>$906.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1045.00</td>
<td>$985.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1025.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$990.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Jason Ader</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1040.00</td>
<td>$1020.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$950.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1050.00</td>
<td>$1025.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1000.00</td>
<td>$980.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$950.00</td>
<td>$820.00</td>
</tr>
<tr>
<td>Rob Oliver</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$975.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$1075.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$900.00</td>
<td>$780.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$960.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1000.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1068.00</td>
<td>$915.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1020.00</td>
<td>$825.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$980.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$1100.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$980.00</td>
<td>$890.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1025.00</td>
<td>$860.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$950.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$1055.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1025.00</td>
<td>$935.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$900.00</td>
<td>$900.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ServiceNow. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ServiceNow compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of ServiceNow's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into ServiceNow's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ServiceNow analyst ratings.</a>
<h2>Discovering ServiceNow: A Closer Look</h2>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<h3>Financial Insights: ServiceNow</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: ServiceNow's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 22.25%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: ServiceNow's net margin is impressive, surpassing industry averages. With a net margin of 15.45%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): ServiceNow's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): ServiceNow's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.36% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: ServiceNow's debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On ServiceNow Through 32 Analysts

Jefferies analyst Samad Samana maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $1100 to $1250.

Jefferies Maintains Buy on ServiceNow, Raises Price Target to $1250

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Shares of software companies are trading lower possibly amid overall market weakness. Multiple software stocks fell after Q3 financial results.

Deep-pocketed investors have adopted a bearish approach towards ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for ServiceNow. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 6% leaning bullish and 31% bearish. Among these notable options, 4 are puts, totaling $293,800, and 12 are calls, amounting to $482,760.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $700.0 to $1560.0 for ServiceNow over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for ServiceNow options trades today is 68.27 with a total volume of 273.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for ServiceNow's big money trades within a strike price range of $700.0 to $1560.0 over the last 30 days.
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732736750_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$8.6</td>
<td>$6.4</td>
<td>$7.4</td>
<td>$1022.50</td>
<td>$148.0K</td>
<td align="right">1</td>
<td align="right">200</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$351.4</td>
<td>$339.7</td>
<td>$346.32</td>
<td>$710.00</td>
<td>$69.2K</td>
<td align="right">83</td>
<td align="right">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$347.2</td>
<td>$335.0</td>
<td>$341.9</td>
<td>$710.00</td>
<td>$68.3K</td>
<td align="right">83</td>
<td align="right">4</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$43.0</td>
<td>$41.9</td>
<td>$43.0</td>
<td>$1000.00</td>
<td>$64.5K</td>
<td align="right">50</td>
<td align="right">16</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$70.3</td>
<td>$67.2</td>
<td>$68.54</td>
<td>$1060.00</td>
<td>$54.8K</td>
<td align="right">88</td>
<td align="right">9</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
After a thorough review of the options trading surrounding ServiceNow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>ServiceNow's Current Market Status</h3>
<ul>
<li>Trading volume stands at 503,701, with NOW's price down by -2.64%, positioned at $1041.87.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 56 days.</li>
</ul>
<h3>Professional Analyst Ratings for ServiceNow</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $1123.3333333333333.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Needham has decided to maintain their Buy rating on ServiceNow, which currently sits at a price target of $1150. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on ServiceNow with a target price of $1150. 
&#x2A; An analyst from Mizuho persists with their Outperform rating on ServiceNow, maintaining a target price of $1070. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Smart Money Is Betting Big In NOW Options

Investors with a lot of money to spend have taken a bearish stance on ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NOW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 36 options trades for ServiceNow.
This isn't normal.
The overall sentiment of these big-money traders is split between 16% bullish and 52%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $71,000, and 35, calls, for a total amount of $2,573,528.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $760.0 to $1400.0 for ServiceNow during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for ServiceNow's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ServiceNow's whale activity within a strike price range from $760.0 to $1400.0 in the last 30 days. 
<h3>ServiceNow Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732566625_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$67.0</td>
<td>$64.6</td>
<td>$67.0</td>
<td>$1080.00</td>
<td>$495.8K</td>
<td align="right">179</td>
<td align="right">1</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$20.3</td>
<td>$18.0</td>
<td>$19.2</td>
<td>$1280.00</td>
<td>$384.0K</td>
<td align="right">4</td>
<td align="right">0</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$25.6</td>
<td>$23.5</td>
<td>$23.5</td>
<td>$1080.00</td>
<td>$235.5K</td>
<td align="right">300</td>
<td align="right">101</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$64.3</td>
<td>$63.9</td>
<td>$64.27</td>
<td>$1000.00</td>
<td>$192.8K</td>
<td align="right">226</td>
<td align="right">32</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$43.7</td>
<td>$41.2</td>
<td>$41.2</td>
<td>$1070.00</td>
<td>$103.0K</td>
<td align="right">42</td>
<td align="right">28</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
After a thorough review of the options trading surrounding ServiceNow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of ServiceNow</h3>
<ul>
<li>With a volume of 727,156, the price of NOW is up 0.7% at $1068.0. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 58 days.</li>
</ul>
<h3>Professional Analyst Ratings for ServiceNow</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $1123.3333333333333.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1070. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for ServiceNow, targeting a price of $1150. 
&#x2A; An analyst from Needham persists with their Buy rating on ServiceNow, maintaining a target price of $1150. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on NOW Options

Needham analyst Mike Cikos maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $1075 to $1150.

Needham Maintains Buy on ServiceNow, Raises Price Target to $1150

ASAN

BILL

CHKP

DDOG

DOCN

ESTC

HUBS

INTU

IONQ

OKTA

QUBT

RGTI

TEAM

TWLO

WDAY

Shares of software, cybersecurity, and cloud companies are trading higher in possible sympathy with Snowflake, which saw gains after the company reported better-than-expected Q3 financial results and raised its FY25 product revenue guidance.

DXC Technology And ServiceNow Expand Partnership To Launch Center Of Excellence, Accelerating Generative AI Adoption And Value For Businesses Globally

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has once again defied market expectations, delivering a <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">blockbuster third-quarter performance</a> that tech analysts are calling a watershed moment for artificial intelligence.
What Happened: Wedbush Securities Managing Director Dan Ives described the results as a &#8220;jaw-dropper,&#8221; emphasizing the transformative potential of the company&#8217;s AI technology. &#8220;This is the fourth revolution playing out in front of our eyes,&#8221; Ives told CNN, <a href="https://x.com/jchatterleyCNN/status/1859386289315053838">highlighting</a> the broader implications for the tech sector.
Referring to Nvidia&#8217;s CEO Jensen Huang as the &#8220;Godfather of AI,&#8221; he <a href="https://x.com/DivesTech/status/1859387551351546328">described</a> the company&#8217;s performance as a transformative moment.
Ives boldly predicted a Nasdaq surge to 25,000, driven by the &#8220;fourth revolution&#8221; in technology. &#8220;This is the rally, get ready,&#8221; he emphasized, highlighting an extraordinary economic multiplier where &#8220;one dollar spent on GPU chips translates to an $8 to $10 impact across the tech sector.&#8221; The analyst believes the market is underestimating demand for AI technologies in the next 12 to 18 months.
The analyst addressed potential risks to the AI boom, noting initial market nervousness about high spending and profitability concerns. However, he sees improving confidence, citing companies like Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) as positive indicators.
Geopolitical concerns, particularly around China and potential tariffs, remain a consideration. Yet, Ives found reassurance in diplomatic channels, specifically mentioning Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8216;s involvement in negotiations, which he believes will help mitigate potential challenges.
Nvidia reported third-quarter revenue of $35.1 billion, a 94% increase year-over-year, significantly exceeding Street consensus estimates of $33.12 billion. The company delivered earnings per share of 81 cents, beating analyst expectations of 75 cents.
Prior to Nvidia&#8217;s third-quarter earnings, Ives <a href="https://www.cnbc.com/video/2024/11/20/nvidias-quarterly-report-will-be-drop-the-mic-moment-says-wedbushs-dan-ives.html?__source=sharebar&#x7C;twitter&amp;par=sharebar">told</a> CNBC that the company&#8217;s pathway to a $4 trillion valuation &#8220;begins today&#8221; with a &#8220;drop the mic performance.&#8221; He emphasized Nvidia&#8217;s unparalleled market dominance, stating they are &#8220;the only game in town&#8221; in AI chip development.
The company&#8217;s Blackwell product line, which Ives highlighted as critical, is now in full production.
Why It Matters: The analyst&#8217;s commentary went beyond dry financial analysis, sprinkled with his trademark flair. In a moment that captured both his tech insight and unexpected humor, Ives even ventured into fashion advice for President-elect Donald Trump.
The earnings report marks Nvidia&#8217;s <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">ninth consecutive quarter</a> beating revenue estimates and eighth straight quarter exceeding earnings per share expectations.
Price Action: Nvidia&#8217;s stock closed at $145.89 on Wednesday, down 0.76% for the day. In after-hours trading, the stock dipped further by 2.53%. Year to date, Nvidia&#8217;s stock has surged 202.86%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

TSLA

Nvidia Delivered 'Jaw Dropping' Q3 Earnings, Says Dan Ives: 'This Is The Fourth Revolution Playing Out In Front Of Our Eyes'

Investors with a lot of money to spend have taken a bullish stance on ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NOW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for ServiceNow.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,110, and 7, calls, for a total amount of $278,805.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $400.0 to $1200.0 for ServiceNow during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ServiceNow's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ServiceNow's significant trades, within a strike price range of $400.0 to $1200.0, over the past month.
<h3>ServiceNow 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732118491_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$655.9</td>
<td>$638.0</td>
<td>$645.15</td>
<td>$400.00</td>
<td>$64.5K</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$257.5</td>
<td>$244.3</td>
<td>$254.77</td>
<td>$780.00</td>
<td>$50.9K</td>
<td align="right">92</td>
<td align="right">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$87.7</td>
<td>$83.2</td>
<td>$85.57</td>
<td>$1000.00</td>
<td>$42.7K</td>
<td align="right">181</td>
<td align="right">5</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$354.0</td>
<td>$340.6</td>
<td>$347.62</td>
<td>$700.00</td>
<td>$34.7K</td>
<td align="right">32</td>
<td align="right">1</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$172.0</td>
<td>$164.5</td>
<td>$164.5</td>
<td>$1200.00</td>
<td>$32.9K</td>
<td align="right">78</td>
<td align="right">0</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Following our analysis of the options activities associated with ServiceNow, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of ServiceNow</h3>
<ul>
<li>With a trading volume of 151,472, the price of NOW is down by -0.49%, reaching $1017.05.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 63 days from now.</li>
</ul>
<h3>What The Experts Say On ServiceNow</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $1032.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Canaccord Genuity persists with their Buy rating on ServiceNow, maintaining a target price of $1000. 
&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1070. 
&#x2A; An analyst from Truist Securities has decided to maintain their Hold rating on ServiceNow, which currently sits at a price target of $900. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for ServiceNow, targeting a price of $1150. 
&#x2A; An analyst from Keybanc has decided to maintain their Overweight rating on ServiceNow, which currently sits at a price target of $1040. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Spotlight on ServiceNow: Analyzing the Surge in Options Activity

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) continues to make waves in <a href="https://www.benzinga.com/topic/artificial-intelligence">the AI space</a>, showcasing its latest innovations at the Ignite conference in Chicago.
From <a href="https://www.sharewise.com/de/news_articles/ServiceNow_and_Microsoft_Expand_Strategic_Alliance_to_Modernize_the_FrontOffice_With_Copilot_and_AI_ServiceNow_BusinessWireEN_20241119_1455">expanding</a> its strategic alliance with ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) to unveiling new AI agents, Microsoft is doubling down on its AI-driven vision.
Yet, while its tech developments shine, MSFT stock's technical indicators paint a different picture.
See Also: <a href="https://www.benzinga.com/tech/24/11/42069805/bytedance-valuation-soars-to-300b-despite-threat-of-us-tiktok-ban">Bytedance Valuation Soars To $300B Despite Threat Of US TikTok Ban</a>
<h2 class="wp-block-heading">AI Agents: Redefining Enterprise Efficiency</h2>
Microsoft's push into advanced AI agents goes beyond traditional chatbots. The Interpreter for Teams offers real-time voice translations, even simulating the user's voice, while the Employee Self-Service Agent simplifies HR and IT queries. With tools like Azure AI Foundry SDK, Microsoft empowers companies to build bespoke AI solutions, embedding automation across workflows.
This partnership with ServiceNow integrates Copilot AI agents to streamline front-office operations, signaling Microsoft's ambition to dominate enterprise AI. 
Nearly 70% of Fortune 500 companies now use Microsoft 365 Copilot, cementing its foothold in the corporate world.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41984278/jim-simons-renaissance-technologies-shifts-gears-microsoft-in-tesla-out-palantir-on-top">Renaissance Technologies Shifts Gears: Microsoft In, Tesla Out, Palantir On Top</a>
<h2 class="wp-block-heading">Bearish Signals Cloud MSFT Stock</h2>
Despite its tech strides, Microsoft's stock technicals suggest a bearish short-term outlook. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19093003/Screenshot-2024-11-19-at-7.55.49-PM.png" alt="" class="wp-image-655118" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19093003/Screenshot-2024-11-19-at-7.55.49-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19093003/Screenshot-2024-11-19-at-7.55.49-PM-300x234.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Microsoft stock, at $415.76, lies below its eight-day, 20-day, and 50-day simple moving averages, signaling downward pressure and bearish momentum over the short, medium and long term.
Momentum indicators like the Moving Average Convergence Divergence (MACD) at a negative 0.68 and the Relative Strength Index (RSI) at 46.01 further confirm the bearish sentiment. 
However, slight buying pressure suggests cautious optimism among investors banking on Microsoft's AI success.
<h2 class="wp-block-heading">Building The AI Ecosystem</h2>
Microsoft's hardware <a href="https://finance.yahoo.com/news/microsoft-debuts-new-copilot-software-touts-ai-growth-at-ignite-conference-140005650.html">announcements</a>, including the Microsoft 365 Link, and its collaboration with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for Blackwell-powered GB200 servers, showcase its commitment to AI infrastructure.
With cutting-edge tools for cybersecurity like the Security Exposure Management platform and Data Loss Prevention for Microsoft 365 Copilot, Microsoft is addressing both innovation and risks in AI-driven enterprises.
<h2 class="wp-block-heading">The Verdict</h2>
While Microsoft faces technical headwinds, Microsoft's long-term AI strategy remains robust. Its Copilot ecosystem, enterprise partnerships, and growing AI adoption position it as a key player in the tech industry.
The big question is whether Wall Street's optimism in AI will outweigh the short-term bearish trends for Microsoft stock.
Investors may need to weigh the current technical challenges against the company's AI-driven growth story before deciding their next move.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/11/42063336/nvidia-blackwell-chips-face-heat-will-q3-earnings-cool-investor-concerns">Nvidia&#8217;s Blackwell Chips Overheat: Will Q3 Earnings Cool Investor Concerns?</a></li>
</ul>
Image: Shutterstock

Long Ideas

MSFT

Microsoft's AI Agents Are Here To Work Hard — But Can They Lift MSFT Stock?

Mizuho analyst Gregg Moskowitz maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and raises the price target from $980 to $1070.

Mizuho Maintains Outperform on ServiceNow, Raises Price Target to $1070

ServiceNow And Microsoft Expand Alliance To Modernize Front-Office Processes With Copilot And AI Agents, Enhancing Workflow Integration And Self-Service Capabilities Across Microsoft Applications

TOKYO -- U.S. business software provider ServiceNow plans to invest $2 billion in Japan over the next few years to expand its data center operation and local office, CEO Bill McDermott has told&nbsp;Nikkei.
Part of the spending will go toward data center expansion to accommodate the increase in client companies and enhance&nbsp;services that use generative artificial intelligence.
<a href="https://asia.nikkei.com/Business/Technology/U.S.-tech-firm-ServiceNow-to-spend-2bn-on-Japan-data-center-push" title="https://asia.nikkei.com/Business/Technology/U.S.-tech-firm-ServiceNow-to-spend-2bn-on-Japan-data-center-push">https://asia.nikkei.com/Business/Technology/U.S.-tech-firm-ServiceNow-to-spend-2bn-on-Japan-data-center-push</a>

'U.S. tech firm ServiceNow to spend $2bn on Japan data center push' -Nikkei

Investors with a lot of money to spend have taken a bearish stance on ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NOW, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 27 uncommon options trades for ServiceNow.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 40%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $1,825,605, and 19 are calls, for a total amount of $760,177.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $700.0 to $1440.0 for ServiceNow during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ServiceNow's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ServiceNow's substantial trades, within a strike price spectrum from $700.0 to $1440.0 over the preceding 30 days.
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731518143_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$230.6</td>
<td>$223.5</td>
<td>$223.5</td>
<td>$1240.00</td>
<td>$826.9K</td>
<td align="right">121</td>
<td align="right">38</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$227.4</td>
<td>$222.4</td>
<td>$222.4</td>
<td>$1240.00</td>
<td>$422.5K</td>
<td align="right">121</td>
<td align="right">57</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$225.4</td>
<td>$213.5</td>
<td>$220.3</td>
<td>$1240.00</td>
<td>$220.3K</td>
<td align="right">121</td>
<td align="right">76</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$225.4</td>
<td>$213.5</td>
<td>$220.9</td>
<td>$1240.00</td>
<td>$198.8K</td>
<td align="right">121</td>
<td align="right">66</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$75.1</td>
<td>$71.2</td>
<td>$71.2</td>
<td>$1140.00</td>
<td>$71.2K</td>
<td align="right">17</td>
<td align="right">10</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
In light of the recent options history for ServiceNow, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is ServiceNow Standing Right Now?</h3>
<ul>
<li>With a volume of 443,226, the price of NOW is up 0.65% at $1055.13. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 70 days.</li>
</ul>
<h3>Expert Opinions on ServiceNow</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $980.0.
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&#x2A; Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on ServiceNow with a target price of $975. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for ServiceNow, targeting a price of $980. 
&#x2A; An analyst from RBC Capital has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1045. 
&#x2A; Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for ServiceNow, targeting a price of $1000. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on ServiceNow, maintaining a target price of $900. 
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ServiceNow Unusual Options Activity

FIVN

ServiceNow And Five9 Expand Partnership To Launch AI-Powered Solution For Unified Employee And Customer Experiences, Aiming To Streamline Self-Service, Enhance Agent Efficiency, And Boost Customer Satisfaction

Ratings for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) were provided by 29 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">10</td>
<td align="right">17</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">8</td>
<td align="right">12</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $1008.52, a high estimate of $1150.00, and a low estimate of $900.00. This upward trend is evident, with the current average reflecting a 10.54% increase from the previous average price target of $912.38.
<img src="https://www.benzinga.com/files/images/story/2024/1731438197_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of ServiceNow among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1150.00</td>
<td>$1050.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1071.00</td>
<td>$1068.00</td>
</tr>
<tr>
<td>Peter Weed</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Outperform</td>
<td>$913.00</td>
<td>$906.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1045.00</td>
<td>$985.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1025.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$990.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Jason Ader</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1040.00</td>
<td>$1020.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$950.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1050.00</td>
<td>$1025.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1000.00</td>
<td>$980.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$950.00</td>
<td>$820.00</td>
</tr>
<tr>
<td>Rob Oliver</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$975.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$1075.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$900.00</td>
<td>$780.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$960.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1000.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1068.00</td>
<td>$915.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1020.00</td>
<td>$825.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$980.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$1000.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$1100.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$980.00</td>
<td>$890.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1025.00</td>
<td>$860.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$950.00</td>
<td>$850.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$1055.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1025.00</td>
<td>$935.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$900.00</td>
<td>$900.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to ServiceNow. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of ServiceNow compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for ServiceNow's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ServiceNow's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ServiceNow analyst ratings.</a>
<h2>Discovering ServiceNow: A Closer Look</h2>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<h3>ServiceNow: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Positive Revenue Trend: Examining ServiceNow's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.25% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: ServiceNow's net margin excels beyond industry benchmarks, reaching 15.45%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): ServiceNow's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): ServiceNow's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.36%, the company showcases efficient use of assets and strong financial health.
Debt Management: ServiceNow's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.24.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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Deep Dive Into ServiceNow Stock: Analyst Perspectives (29 Ratings)

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As the demand for digital transformation intensifies, the cloud computing market is poised for explosive growth. With innovations like AI and quantum computing reshaping the landscape, fundamentally sound cloud computing stocks Amazon (AMZN), ServiceNow (NOW), and Autodesk (ASDK), which exhibit solid growth metrics, could be ideal buys. Keep reading... As digital transformation continues to reshape industries, cloud services have become a crucial component for businesses seeking scalability and security. The cloud computing market is experiencing rapid growth, driven by the increasing demand for remote work solutions, digital innovation, and fierce competition among cloud providers.
These emerging prospects presents significant investment opportunities, particularly in key players like Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), ServiceNow (<a href="https://stocknews.com/stock/NOW/">NOW</a>), and Autodesk (<a href="https://stocknews.com/stock/ADSK/">ASDK</a>). These companies boast robust growth metrics and are well-positioned to capitalize on the evolving digital landscape, with cloud technologies driving advancements in industries like e-commerce, healthcare, and finance.
The global public cloud market is experiencing steady growth, driven by rising demand for digital solutions, cloud service benefits, and the convenience of online offerings. This growth is supported by sub-markets like Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), as well as technological advancements, cost-effectiveness, and scalability.
In addition, customer demand has surged due to the shift toward remote work and digital operations, requiring secure, flexible solutions for collaboration and data storage. Additionally, the rise of IoT devices and edge computing has increased the need for reliable, scalable cloud infrastructure.
Revenue in the public cloud market is projected to reach $773.30 billion this year and is further expected to boom at an anticipated <a href="https://www.statista.com/outlook/tmo/public-cloud/worldwide">CAGR of 18.5%</a>, surpassing $1.8 trillion by 2029. As trends such as edge computing, quantum computing, and AI-powered cloud development reshape the future, the cloud computing industry offers promising prospects for investors looking to tap into the next wave of technological evolution.
Given these favorable trends, let's take a closer look at the cloud computing stocks:
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN operates globally through its retail, advertising, and subscription services. It operates through three segments: North America, International, and Amazon Web Services (AWS).
AMZN's revenue has grown at a CAGR of 10.6% over the past three years and its operation income has risen at a CAGR of 28.9% over the same time frame.
On October 16, 2024, AMZN unveiled a new lineup of Kindle devices, including the first-ever color Kindle, a revamped Kindle Scribe, the fastest Kindle Paperwhite, and a new entry-level Kindle in a fresh Matcha color.
On October 24, AMZN's Amazon Web Services (AWS) and Box, Inc. (<a href="https://stocknews.com/stock/BOX/">BOX</a>) expanded their partnership to enable organizations to build generative AI applications using Box AI and Amazon Bedrock. The integration also included the Box connector for Amazon Q Business, allowing companies to use generative AI to generate content, summarize information, and perform tasks with their private data.
During the fiscal third quarter that ended September 30, 2024, AMZN's total net sales increased 11% year-over-year to $158.88 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 55.6% from the year-ago value to $17.41 billion. In addition, the company's net income and EPS came in at $15.33 billion and $1.43, up 55.2% and 52.1% over the prior-year quarter, respectively.
Analysts expect AMZN's EPS and revenue for the fourth quarter ending December, 2024, to increase 47.2% and 10.2% year-over-year to $1.47 and $187.24 billion, respectively. It surpassed the Street EPS and revenue estimates in three of the trailing four quarters, which is promising.
Over the past year, the stock has gained 39.3% to close the last trading session at $205.74. It soared 35.4% year-to-date.
AMZN's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
AMZN has an A grade in Sentiment and a B in Growth, Momentum, and Quality. It is ranked #14 out of 52 stocks in the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what we have stated above, we also have given AMZN grades for Value and Stability. Get all the AMZN's ratings <a href="https://stocknews.com/stock/AMZN/">here</a>.
ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>)
NOW provides the Now Platform for digital transformation, offering workflow automation, AI, IT service management, and risk management solutions. It serves industries like government, finance, healthcare, IT, and telecom worldwide.
NOW's revenue has grown at a CAGR of 23.7% over the past three years and its operation income has risen at a CAGR of 73.8% over the same time frame.
On November 19, 2024, NOW announced an expanded strategic alliance with Microsoft Corporation (<a href="https://stocknews.com/stock/MSFT/">MSFT</a>) to modernize front-office business processes using Copilot and agents. This expansion builds on their long-standing partnership, which recently led to the integration of NOW's Now Assist with Microsoft 365 Copilot.
On November 13, 2024, NOW and Five9, Inc. (<a href="https://stocknews.com/stock/FIVN/">FIVN</a>) expanded their partnership to integrate ServiceNow's CSM with Five9's Intelligent CX Platform. This AI-powered solution aimed to streamline customer support, enhance efficiency, and reduce operational costs while improving customer satisfaction.
In the fiscal third quarter ended September 30, 2024, NOW's non-GAAP total revenues increased 22% year-over-year to $2.79 billion. Its non-GAAP income from operations was $872 million, up 31% from the year-ago value. Moreover, its non-GAAP net income and non-GAAP EPS stood at $775 million and $3.72, respectively.
Street expects NOW's revenue and EPS for the fourth quarter ending December 30, 2024, to increase 21.5% and 17.5% year-over-year to $2.96 billion and $3.66, respectively. It surpassed the consensus EPS and revenue estimates in all of the trailing four quarters.
The stock climbed 47.4% year-to-date and has returned 55.3% over the past year, to close the last trading session at $1041.40.
NOW's POWR Ratings reflect strong prospects. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Growth, Sentiment, and Quality. It is ranked #13 out of 39 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
To access NOW's Value, Momentum, and Stability ratings, click <a href="https://stocknews.com/stock/NOW/">here</a>.
Autodesk, Inc. (ADSK)
ADSK provides 3D design, engineering, and entertainment software solutions globally. Its key products include AutoCAD, Revit, Fusion, Inventor, and Maya, catering to industries like construction, manufacturing, and media. Autodesk serves customers through direct sales and a network of resellers and distributors.
ADSK's revenue has grown at a CAGR of 12.3% over the past three years and its operation income has risen at a CAGR of 25.4% over the same time frame.
On October 15, 2024, ADSK and Esri announced an enhanced strategic alliance, integrating Esri's geospatial data into Autodesk Forma. This collaboration aims to improve early design and planning stages for architecture, engineering, construction, and operations (AECO) professionals by combining GIS and BIM technologies.
ADSK's total net revenue increased 11% year-over-year to $1.57 billion in the fiscal third quarter that ended on October 31, 2024. Its non-GAAP income from operations came in at $573 million, up 4.8% year-over-year, while its net income stood at $275 million representing an increase of 14.1% over the prior-year quarter. Its non-GAAP net income per share grew 4.8% from the year-ago value to $2.17.
Street expects ADSK's revenue for the fiscal fourth quarter (ending January 2025) to increase 11% year-over-year to $1.63 billion. Its EPS for the same quarter is expected to grow 1.9% from the prior year to $2.13. In addition, it surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
Shares of ADSK have gained 43.7% over the past year and 19.4% year-to-date to close the last trading session at $290.64.
ADSK's bright prospects are apparent in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Growth, Sentiment, and Quality. Within the <a href="https://stocknews.com/category/software-application/%5C">Software- Application</a> industry, it is ranked #20 out of 128.
Click <a href="https://stocknews.com/stock/ADSK/">here</a> to see ADSK's ratings for Value, Momentum, and Stability.
What To Do Next?
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<hr />
AMZN shares were unchanged in premarket trading Thursday. Year-to-date, AMZN has gained 35.41%, versus a 27.18% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/amzn-now-asdk-3-high-growth-cloud-computing-stocks-to-buy-now/>3 High-Growth Cloud Computing Stocks to Buy Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Growth Cloud Computing Stocks to Buy Now

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Jefferies raised the firm's price target on ServiceNow (NOW) to $1,250 from $1,100 and keeps a Buy rating on the shares. The firm highlights the co...

ServiceNow price target raised to $1,250 from $1,100 at Jefferies

The technology sector is evolving rapidly, with trends like AI, machine learning, and cloud-native development driving growth. With innovations like these reshaping the landscape, fundamentally sound tech stocks ServiceNow (NOW), The Trade Desk (TTD), and Descartes Systems Group (DSGX) are primed for success as the global software market expands. Read further... As digital transformation continues to reshape industries, tech companies are uniquely positioned to seize substantial growth opportunities. Thus, high-PE tech stocks  ServiceNow (<a href="https://stocknews.com/stock/NOW/">NOW</a>), The Trade Desk (<a href="https://stocknews.com/stock/TTD/">TTD</a>), and Descartes Systems Group (<a href="https://stocknews.com/stock/DSGX/">DSGX</a>) stand out and are strategically aligned to thrive in this evolving landscape.
Driven by substantial investments in technology, infrastructure development is gaining momentum as companies ramp up their AI initiatives. Gartner forecasts global IT spending to hit <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">$5.74 trillion</a> in 2025, marking a 9.3% increase over 2024. Software spending is projected to climb 14% to $1.23 trillion, while communication services are anticipated to grow 4.4% to $1.60 trillion.
Further, the software sector is rapidly evolving with emerging trends like AI and machine learning, which are being integrated into applications for automation and improved decision-making. In addition to that cloud-native development, DevOps, and containerization are gaining traction for enhancing scalability and flexibility. The global software market, valued at <a href="https://www.precedenceresearch.com/software-market">$659.17 billion in 2023</a>, is expected to reach $2.2 trillion by 2034, growing at a CAGR of 11.8%.
Considering these positive developments, let's delve deeper into software technology stocks:
ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>)
NOW offers a wide range of workflow automation solutions through its Now Platform, integrating AI, ML, and RPA for digital transformation. Its products include IT service management, risk management, customer service, and cloud observability, serving industries like government, healthcare, finance, and manufacturing globally.
In terms of forward non-GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a>, NOW is trading at 75.53x, 197.7% higher than the industry average of 25.37x.
On November 19, NOW expanded its strategic alliance with Microsoft Corporation (<a href="https://stocknews.com/stock/MSFT/">MSFT</a>) to enhance front-office processes using AI-driven tools like Copilot and Now Assist. This integration streamlines workflows within Microsoft 365, enabling employees to access ServiceNow's knowledge base, request services, and escalate cases through Microsoft Teams, improving efficiency and self-service capabilities.
On November 13, 2024, NOW announced over 150 new generative AI innovations, enhancing autonomous and responsible AI on its Now Platform.
During the fiscal third quarter that ended September 30, 2024, NOW's non-GAAP total revenues increased 22% year-over-year to $ 2.79 billion. Its non-GAAP income from operations grew 31% from the year-ago value to $ 872 million. In addition, the company's non-GAAP net income and non-GAAP EPS came in at $ 775 million and $ 3.72.
Analysts expect NOW's EPS and revenue for the fourth quarter ending December 31, 2024, to increase 17.5% and 21.5% year-over-year to $3.66 and $2.96 billion, respectively. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters, which is promising.
Over the past year, the stock has gained 54.8% to close the last trading session at $1049.44. It soared 48.8% year-to-date.
NOW's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
NOW has a B in Growth, Sentiment, and Quality. It is ranked #13 out of 39 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
Beyond what we have stated above, we also have given NOW grades for Value, Momentum, and Stability. Get all the NOW's ratings <a href="https://stocknews.com/stock/NOW/">here</a>.
The Trade Desk, Inc. (<a href="https://stocknews.com/stock/TTD/">TTD</a>)
TTD provides a cloud-based platform for managing and optimizing digital advertising campaigns across various formats and devices. It serves advertising agencies, brands, and service providers with data-driven solutions for enhanced campaign performance.
In terms of forward non-GAAP P/E, TTD is trading at 78.28x, 473.03% higher than the industry average of 13.66x.
On November 20, 2024, TTD announced Ventura, a new streaming TV operating system. The company plans to collaborate with smart TV OEMs and streaming TV aggregators to roll out this innovative OS.
In the fiscal third quarter ended September 30, 2024, TTD's revenues increased 27.3% year-over-year to $628.02 million. Its income from operations was $108.48 million, up 187.9% from the year-ago value. Moreover, its non-GAAP net income and non-GAAP EPS stood at $207.23 million and $0.41, up 23.9% and 24.2% over the prior-year quarter, respectively.
Street expects TTD's revenue and EPS for the fourth quarter ending December 31, 2024, to increase 25.4% and 38.6% year-over-year to $759.47 million and $0.57, respectively. It surpassed the consensus EPS and revenue estimates in three of the trailing four quarters.
The stock climbed 78.9% year-to-date and has returned 82.9% over the past year, to close the last trading session at $128.71.
TTD's POWR Ratings reflect strong prospects.
It has an A grade in Growth and a B for Sentiment and Quality. It is ranked #44 out of 128 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
To access TTD's Value, Momentum, and Stability ratings, click <a href="https://stocknews.com/stock/TTD/">here</a>.
The Descartes Systems Group Inc. (<a href="https://stocknews.com/stock/DSGX/">DSGX</a>)
DSGX provides cloud-based logistics and supply chain solutions, including routing, transportation management, e-commerce fulfillment, and customs compliance. It serves transportation providers, logistics companies, and distribution-heavy industries through various licensing models and support services.
In terms of forward non-GAAP P/E, DSGX is trading at 62.50x, 146.32% higher than the industry average of 25.37x.
On October 14, 2024, DSGX acquired Sellercloud, a New Jersey-based provider of omnichannel e-commerce solutions, for approximately $110 million, with an additional performance-based earn-out of up to $20 million. This acquisition expands DSGX capabilities in inventory and order management, enhancing its offering for managing e-commerce shipments.
DSGX's revenue increased 14% year-over-year to $163.43 million in the fiscal second quarter that ended on September 04, 2024. Its adjusted EBITDA was $70.60 million, up 16.5% from the year-ago value. Its income from operations came in at $45.85 million, up 24.5% year-over-year, while its net income stood at $34.68 million, representing an increase of 28.12% over the prior-year quarter. Its EPS grew 25% from the year-ago value to $0.40.
Street expects DSGX's revenue for the fiscal third quarter (ending October 31, 2024) to increase 13.4% year-over-year to $164.12 million. Its EPS for the same quarter is expected to grow 7.2% from the prior year to $0.42. In addition, it surpassed the consensus revenue estimates in three of the trailing four quarters.
Shares of DSGX have gained 44.6% over the past year and 39% year-to-date to close the last trading session at $116.87.
DSGX's bright prospects are apparent in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Stability, Sentiment, and Quality. Within the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry, it is ranked #11 out of 18.
Click <a href="https://stocknews.com/stock/DSGX/">here</a> to see DSGX's ratings for Growth, Value, and Momentum.
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<hr />
NOW shares rose $0.55 (+0.05%) in premarket trading Monday. Year-to-date, NOW has gained 48.54%, versus a 27.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/now-ttd-dsgx-3-high-pe-tech-stocks-with-room-to-grow/>3 High-PE Tech Stocks with Room to Grow</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-PE Tech Stocks with Room to Grow

ServiceNow (NOW) ( NOW), the AI platform for business transformation, and Amazon Web Services (AWS (AMZN) announced an expanded strategic collabora...

ServiceNow & AWS expand strategic collaboration with new capabilities for AI

The top 20 Technology stocks ranked by Quant

AMAT

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AVGO

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CQQQ

CRWD

CSCO

DELL

DSGX

GOOG

GOOGL

KBWB

KBWD

KBWY

LRCX

PCEF

PDBC

PNQI

PRFZ

QCOM

QQQJ

QQQM

RSPT

SCHW

SNOW

SOXQ

SOXX

SPGP

SPHB

SPHD

SPHQ

SPLV

SPMO

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UBER

XMMO

Press Releases

ServiceNow Partners With NVIDIA to Accelerate Enterprise Adoption of Agentic AI

Pearson and ServiceNow Collaborate to Supercharge Workforce Development and Employee Experiences in the Age of AI

ServiceNow and Rimini Street partner on new enterprise software model to unlock value in existing ERP systems for net-new innovation, digital growth and scale

ServiceNow Names Enterprise Software Industry Veteran Amit Zavery as President, CPO, and COO to Lead Product and Engineering

ServiceNow Reports Third Quarter 2024 Financial Results

ServiceNow Unveils New Research on Government Organizations Setting the Pace for AI-Driven Transformation

ServiceNow and Five9 Expand Partnership With Turnkey AI-Powered Solution for Unified Employee and Customer Experiences

ServiceNow Advances Autonomous, Responsible AI on the Now Platform With New GenAI and Governance Innovations

ServiceNow and Microsoft Expand Strategic Alliance to Modernize the Front-Office With Copilot and AI Agents

ServiceNow and AWS Expand Strategic Collaboration With New Capabilities to Accelerate AI Transformation

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