ServiceNow recently experienced unusually high options volume with its stock trading at 16% below its 52-week high, leading to increased focus on whether to buy, sell, or hold the stock. Several investment companies, including Impax Asset Management Group, OneDigital Investment Advisors, and Mutual Advisors have either increased their ServiceNow stock ownership or begun new positions. Despite a recent decline in stock market performance, ServiceNow has gained a renewed price target of $1,040 from Morgan Stanley, supporting strong momentum in the market.
Some firms like Goodman Advisory Group and Overbrook Management Corp sold their ServiceNow shares while others like Rossby Financial initiated new positions. The company's Q2 2025 earnings call has been set for July 23rd, after the market's closing. Anticipation runs high as ServiceNow's growth runway remains long and bright with several nearing buy points. Multiple parties have increased their stake in ServiceNow, predicting strong future growth and innovation. With a swarm of AI deals with Amazon, Microsoft, and others underway, ServiceNow is a promising AI stock to invest in, despite insiders recently selling US$15m in stock.
Servicenow Stocks News Analytics from Tue, 06 May 2025 07:00:00 GMT to Sat, 05 Jul 2025 18:17:42 GMT - Rating 8 - Innovation 7 - Information 10 - Rumor -2
