Morgan Stanley has upgraded ServiceNow Inc (NOW) to Overweight from Equal-Weight as of September 23, 2025. The current price stands at $801.29.
This upgrade reflects a more optimistic view on the company's prospects, potentially signalling improved fundamentals or better-than-expected business performance. Analysts often adjust ratings based on various factors, including a company's strategic direction and market conditions.
ServiceNow, headquartered in Santa Clara, California, provides an end-to-end workflow automation platform for digital businesses. The company employs 26,293 full-time staff and has a market capitalisation of $169.8 billion. With a P/E ratio of 98.11 and an EPS of 8.26, ServiceNow's financial metrics indicate a robust position within the technology sector.
Upcoming earnings reports are scheduled for April 21, 2026, and July 21, 2026, with estimated EPS of $4.77 and $4.76, respectively. Recent performance has shown positive surprises, with Q3 2025 EPS reported at $4.82, exceeding estimates by 11.8%.
Analyst consensus indicates a Buy rating, with 15 Strong Buy, 32 Buy, 3 Hold, and 1 Strong Sell ratings among 51 analysts.
Such decisions reflect the evolving landscape of analyst sentiment, which can change as new information becomes available. Investors are advised to consider analyst ratings as one of many factors in their decision-making process.