Servicenow is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker NOW on the NYSE exchange.
Servicenow stock last closed at $542.96, down 0.33% from the previous day, and has increased 14.28% in one year. It has overperformed other stocks in the Software - Application industry by 0.18 percentage points. Servicenow stock is currently +61.12% from its 52-week low of $337.00, and -2.45% from its 52-week high of $556.58.
As of Jun 1, 2023, there are 204M shares of NOW outstanding. The market cap of NOW is $110.76B. In the last 24 hours, 1.48M NOW shares were traded.
How to Buy Servicenow Stock
Not sure how to invest in Servicenow stock? Here's how.
Decide where to buy Servicenow stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Servicenow stock.
Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
Deposit money your investment account: Pick your payment method and add your information.
Analyze Servicenow stock: The Servicenow ticker symbol is NOW. Is Servicenow stock a good investment? Should you buy shares of NOW? How do NOW's underlying business fundamentals look? Do top analysts think Servicenow is a good buy? Why has NOW's stock price moved recently? (Hint: Our stock market analysis website can help you decide if NOW is a good stock to buy).
Make your NOW trade: Decide if you will purchase NOW shares at the current market price or use a limit order to purchase NOW stock at a specific price.
Get key alerts regarding your NOW position: Create a watchlist to monitor your new investment in Servicenow shares.
Step 1: Decide where to buy Servicenow stock
You will need an online brokerage account to access the NYSE market and buy NOW shares.
A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Open your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal information so you are able to buy NOW today.
Once you have figured out the best place to buy Servicenow stock, it's critical to research their stock before you invest, so you actually understand the risk as well as the opportunity.
Servicenow shares quick numbers
NOW Price
$542.96
1w %
2.1%
1y %
14.28%
5y %
199.14%
P/E
275.61x
P/B
19.78x
P/S
14.49x
PEG
6.5x
Revenue
$7.62B
Earnings
$400.00M
Fore. Rev. Growth
20.01%
Fore. Earn. Growth
42.41%
Market Cap
$110.76B
Next Earnings
Jul 25, 2023
Next Dividend
N/A
NOW Due Diligence Checks
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on NOW's stock page.
Is NOW stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge NOW's true value.
Using relative valuations measures:
NOW may be overvalued based on its P/E ratio of 275.61x, relative to Software - Application industry P/E ratio of 90.32x
NOW may be overvalued based on its P/B ratio of 19.78x, relative to Software - Application industry P/B ratio of 5.56x
NOW could be overvalued based on its PEG ratio of 6.5x
You can access additional valuation research on NOW's stock here.
A quick look at NOW Financials
Signs that NOW is financially healthy:
Total NOW debt is lower than 5 years ago, relative to shareholder equity.
There are more short-term assets than short-term liabilities on the NOW balance sheet.
NOW earnings of $523.00M is not enough to cover its interest payments.
There are more short-term assets than long-term liabilities on the NOW balance sheet.
NOW's operating cash flow of $2.76B allows it to safely service it's debt of $2.24B.
NOW profit margin has gone up from 3.6% to 5.3% in the past year.
Signs that NOW is not financially healthy:
NOW has a relatively high debt to equity ratio of 1.43.
Is it a good time to buy Servicenow stock, according to Wall Street analysts?
Out of 27 sell side analysts who monitor NOW, the consensus analyst rating on NOW is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest NOW Analyst Forecasts
Michael Turrin, a bottom 3% analyst from Wells Fargo maintains NOW with a strong buy rating and raises their NOW price target from $575.00 to $625.00, on May 31, 2023.
Peter Weed, a top 43% analyst from Bernstein maintains NOW with a buy rating and raises their NOW price target from $586.00 to $665.00, on May 30, 2023.
Alex Zukin, a top 2% analyst from Wolfe Research reiterates NOW with a buy rating and maintains their NOW price target from $575.00 to $575.00, on May 18, 2023.
Patrick Walravens, a bottom 10% analyst from JMP Securities reiterates NOW with a buy rating and maintains their NOW price target from $553.00 to $553.00, on May 18, 2023.
Raimo Lenschow, a top 2% analyst from Barclays maintains NOW with a strong buy rating and raises their NOW price target from $551.00 to $559.00, on May 18, 2023.
Maintaining his Strong Buy rating, Lenschow nudged up his price target on ServiceNow Inc. by 1.5% following the company's Financial Analyst Day 2023 on 2023/05/16.
Investors should reconsider the ServiceNow story after the event, the analyst suggested.
In support of his optimism, Lenschow cited that:
Management "convincingly" explained how the company will benefit from the evolving AI world.
The new long-term targets were close enough to consensus expectations to remove any overhang for the stock.
At the Financial Analyst Day, management guided:
For FY 2023:
Subscription revenue of $8.5B which, if achieved, would represent a 23.5% increase Y/Y.
RPOs (Remaining Performance Obligations*) of $7.1B which, if achieved, would represent a 23% increase Y/Y.
Free Cash Flow of $2.6B+ which, if achieved, would represent a 30% increase Y/Y.
* RPOs are the sum of invoiced amounts due from customers and future amounts not yet invoiced that will be payable by customers.
For "long-term trajectory:"
Subscription revenue of $10.4B by 2024 and $15B+ by 2026.
Last year, NOW earnings were $400.00M. In the past three year, NOW's earnings have increased by -76.96% per year. This was slower than the Software - Application industry average of -0.7%.
Last year, NOW revenue was $7.62B. In the last 5 year, NOW's revenue has gone up by 29.66% per year. This was slower than the Software - Application industry average of 34%.
No, Servicenow doesn't provide an income stream by paying out dividends.
What others are saying about NOW
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Step 5: Make your NOW trade
You have two primary options:
Market order: A market order is an order to buy or sell a stock at the best available price. Market orders are generally the easiest way to buy.
Limit order: A limit order enables you to buy or sell a stock at a specific price (or better). If you want to be certain you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and your broker will place your order.
If you require more help with investing in stocks on eToro, watch the how to video below:
How much does it cost to buy one Servicenow share?
As of Jun 1, 2023, it costs $542.96 to buy one share of Servicenow stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.184 shares of NOW.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.