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NOW

ServiceNowF
NYSE / Software & Services
Last Price
Quote time unavailable
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Current thesis
Primary-source evidence still supports a constructive operating view: Q1 beat-and-raise metrics were strong, large-customer ACV growth remained healthy, and the May AWS expansion added a dated AI-governance distribution milestone. The Accenture forward deployed engineering launch also supports the idea that ServiceNow is trying to move agentic AI from pilots into production inside customer environments.
Posture
Defensive
Lead driver
Value
What changed
9 setup hits (3d) with net bullish as of 2026-10-25.
What can break
AI Control Tower, AWS integrations, and forward deployed engineering launches still need proof of material revenue conversion and durable customer production deployment.
Momentum
79
Value
51
Sentiment
24
Setup hits (3d)
9 · Net Bullish
AI TargetsBase $114.00 · Bull $126.00 · Bear $96.00Analysis 2026-06-11; returns require an exact persisted reference.
Earnings
42 · Non-qualifying
Next 2026-10-28 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-06-11 • Model: RankAlpha Sentiment Codex
Earnings Setup
As of 2026-10-26 • RankAlpha AI
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade F · Defensive
Confidence Medium · Net Bullish
Target $155.20
Why
Momentum79 · Δ7d -6.2
Value51 · Δ7d -0.3
Sentiment24 · Δ7d -8.0
So what
Weak posture (Net Bullish). Prioritize risk control and patience.
Earnings surprise screen
42Non-qualifying2026-10-28 amc
View setup

NOW rallied strongly into the scheduled Oct. 28 report, with a recent high-volume up day and a close near the session high; however, checked sources did not establish positive current EPS revisions/ESP or a revenue-upside signal, so required estimate evidence is incomplete despite solid prior-quarter growth.

Screen as of 2026-10-26. Window 2026-10-26 to 2026-10-30.

Confirming evidence

  • • 9 setup hits (3d) with net bullish as of 2026-10-25.
  • • Next scheduled catalyst: earnings 2026-10-28 · AMC.
  • • Pre-earnings setup: 42 / non-qualifying.

Contradictions & invalidation

  • • AI Control Tower, AWS integrations, and forward deployed engineering launches still need proof of material revenue conversion and durable customer production deployment.
  • • Acquisition and financing execution add risk: the April 2026 8-K disclosed a term-loan credit agreement, and management tied the Armis close to a larger security TAM expansion that still must be integrated successfully. [#SEC-8K-2026-04-22] [#PR-2026-04-22]
  • • This should remain a monitoring thesis rather than a high-conviction breakout call.

Catalyst clock

2026-10-28 · AMC

Equity-plan expansion and acquisition funding keep dilution and capital discipline in focus

Lead driver: Value · See fundamentals
Momentum
79
8% active weight
Current posture
7d trendFlat
Δ7d
-6.2
Δ21d
-18.5
Value
51
47% active weight
Current posture
7d trendFlat
Δ7d
-0.3
Δ21d
-1.0
Sentiment
24
45% active weight
Current posture
7d trendSoftening
Δ7d
-8.0
Δ21d
-20.3
Why this grade

Composite grade F. Momentum 78.5 / Value 50.6 / Sentiment 24.3

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-06-11. Scenario method

B+
Bull case
28%
Probability
Target price
$126.00
Analysis reference price unavailable
Analysis 2026-06-11 · RankAlpha Sentiment Codex
Most likely
B
Base case
47%
Probability
Target price
$114.00
Analysis reference price unavailable
Analysis 2026-06-11 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$96.00
Analysis reference price unavailable
Analysis 2026-06-11 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$164.36B
Beta
0.98
Shares Out
1.03B
P/E (TTM)
89.3
P/S (TTM)
12.19
P/FCF (TTM)
39.54
Rev YoY
+24.0%
EPS YoY
-21.9%
Gross Margin
+74.8%
Op Margin
+13.6%
Net Debt
-$3.89B
Current Ratio
0.65
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data