NOW
ServiceNowNYSEInformation TechnologySoftware - ApplicationSnapshot 2026-05-08
As of May 8, 2026, NOW has a mixed analyst scoring with a composite score of 6.4 and a medium confidence level of 69.2. The score is influenced by several factors, including an elevated market risk score of 74.1 and a momentum score of -54.2. Key drivers include macroeconomic factors such as rates, growth, inflation, and labor. The overall valuation is considered fair with a score of 63.9. This analysis is provisional.
Price
Daily closes from AlphaVantage. Earnings/event dots are placed inline.
Factor signals
Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.
Thesis
— is this a strong company over a 1–3 year hold?Why this rank
- Direction share1.00
- Slope (norm)0.07
- Bonus0.00
Why this rank
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
Why this rank
Watch
— has something changed worth re-reading?Why this setup
EPS estimate $0.96 → $0.85 (-11.2% / 30d). 0 raised, 34 cut, 37 covering analysts.
0 upgrades, 1 downgrade / 30d, 35 maintained. 90% of analysts rate Buy.
21 PT revisions / 30d. Avg target 42.7% above current price.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
F4 · Management deep-dive — recent events, stated priorities, guidance track record
Recent 8-K events
5 material events in the last 24 months — top 5 listed below.
- 2026-02-11NOW — Principal Accounting Officer transitionimpact 0.45
- 2026-04-22NOW — credit agreementimpact 0.38
- 2026-04-01NOW — credit agreementimpact 0.36
- 2026-04-22NOW — capital allocation — Creation of a Direct Financial Obligation or an Obligation under an Off-Balan…impact 0.30
- 2026-04-01NOW — capital allocation — Creation of a Direct Financial Obligation or an Obligation under an Off-Balan…impact 0.28
Stated priorities
4 priorityies extracted from earnings transcripts (as of 2026-05-08).
- 1.Expand AI capabilities and product offeringsproductmixed0% progress
4/22: “ServiceNow advanced enterprise AI into new product categories, new ways of working, and a new commercial model.”
Why this status
Newly stated in 2026-Q1. ServiceNow's focus on expanding AI capabilities is reflected in its new product offerings, such as the Autonomous Workforce and EmployeeWorks. However, the financials do not yet show a direct impact from these initiatives, indicating limited progress in terms of measurable financial outcomes this quarter.
- 2.Increase subscription revenue growthgrowthmixed65% progress
4/22: “The early close of our Armis acquisition meaningfully expands our TAM and accelerates our subscription revenue growth trajectory.”
Why this status
Newly stated in 2026-Q1. Subscription revenues reached $3,671 million in Q1 2026, a 22% year-over-year increase, indicating strong growth. The Armis acquisition is expected to further accelerate this trajectory, suggesting delivering progress in line with management's stated priority.
- 3.Enhance AI-driven workflow and platform innovationproductmixed0% progress
4/22: “ServiceNow will showcase its latest capabilities for AI-driven workflows and platform innovation.”
Why this status
Newly stated in 2026-Q1. ServiceNow's focus on AI-driven workflows and platform innovation is evident in its product announcements and partnerships. However, the financials do not yet reflect a direct impact from these innovations, indicating limited progress in terms of measurable financial outcomes this quarter.
- 4.Finance M&A activitiescapital allocationwatchprovisional
4/22: “Not mentioned in most recent disclosures.”
Guidance track record
Insufficient guidance history for this ticker.
Position context
— how violent might the path be while I hold it?Why this risk level
Recent vol — 30d annualized 84%; 252d 44%.
Drawdown — Max 1y −60%. Bad day move −4%.
Beta to sector ETF (XLK) — 0.02 over 1y.
Liquidity — score 100/100.
Sub-scores — vol 26/100, drawdown 0/100, beta 2/100, earnings vol —.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-05-08.
What changed
The most important moves since the prior daily snapshot.
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-05-08
Management scorecard
How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
- #1
Expand AI capabilities and product offerings
ProductServiceNow is advancing enterprise AI into new product categories and commercial models.
MixedNewly stated in 2026-Q1. ServiceNow's focus on expanding AI capabilities is reflected in its new product offerings, such as the Autonomous Workforce and EmployeeWorks. However, the financials do not yet show a direct impact from these initiatives, indicating limited progress in terms of measurable financial outcomes this quarter.
0%CEO/CFO:“ServiceNow advanced enterprise AI into new product categories, new ways of working, and a new commercial model.”Press releaseSource dated 2026-04-22Stated 1 of last 8 quartersFirst seen 2026-04-22Show history (1)
- 2026-Q1Press release
“ServiceNow advanced enterprise AI into new product categories, new ways of working, and a new commercial model.”
- #2
Increase subscription revenue growth
GrowthServiceNow aims to accelerate subscription revenue growth, supported by acquisitions and AI advancements.
MixedNewly stated in 2026-Q1. Subscription revenues reached $3,671 million in Q1 2026, a 22% year-over-year increase, indicating strong growth. The Armis acquisition is expected to further accelerate this trajectory, suggesting delivering progress in line with management's stated priority.
65%CEO/CFO:“The early close of our Armis acquisition meaningfully expands our TAM and accelerates our subscription revenue growth trajectory.”Press releaseSource dated 2026-04-22Stated 1 of last 8 quartersFirst seen 2026-04-22Show history (1)
- 2026-Q1Press release
“The early close of our Armis acquisition meaningfully expands our TAM and accelerates our subscription revenue growth trajectory.”
- #3
Enhance AI-driven workflow and platform innovation
ProductServiceNow is focusing on AI-driven workflows and platform innovation to drive growth.
MixedNewly stated in 2026-Q1. ServiceNow's focus on AI-driven workflows and platform innovation is evident in its product announcements and partnerships. However, the financials do not yet reflect a direct impact from these innovations, indicating limited progress in terms of measurable financial outcomes this quarter.
0%CEO/CFO:“ServiceNow will showcase its latest capabilities for AI-driven workflows and platform innovation.”Press releaseSource dated 2026-04-22Stated 1 of last 8 quartersFirst seen 2026-04-22Show history (1)
- 2026-Q1Press release
“ServiceNow will showcase its latest capabilities for AI-driven workflows and platform innovation.”
- #4
Finance M&A activities
Capital allocationNew since 2026-05-04Use proceeds from a $4 billion unsecured term loan to finance M&A activities.
Mixed →WatchNo scoreCEO/CFO:“Not mentioned in most recent disclosures.”8-KSource dated 2026-04-22First seen 2026-05-04provisional
How this stock is priced
Two ways to read price: against peers in the same business, and against the company's own history.
Roughly priced in line with peers.
Cheaper than its own typical valuation.
P/E over the last 5 years
71 monthly pointsHow this compares
A side-by-side read on composite, valuation, and risk versus peers.
| Stock | Composite | Valuation | Risk |
|---|---|---|---|
NOW ServiceNow | +6.4 | fair | elevated |
NVDA NVIDIA Corporation | +20 | full | moderate |
AAPL Apple Inc | +19 | full | moderate |
MSFT Microsoft | +27 | fair | elevated |
AVGO Broadcom | +11 | expensive | elevated |
Risk — how this stock moves
What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.
What could change this view
Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.
- If information_technology sector trend rises from +0.08 into 'improving' (>= +0.20)+5.0 pts
- If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
- If information_technology sector trend falls from +0.08 into 'weakening' (<= -0.20)-5.0 pts
- If growth state reverses from +0.25 (positive) to -0.25 (negative)-3.0 pts
- If next-quarter EPS surprise repeats current direction (latest surprise -15.1% on 2026-03-31)-2.4 pts
Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-2216d agoItem 1.01
Entry into a Material Definitive Agreement. On April 17, 2026, ServiceNow, Inc. ("ServiceNow" or the “Company”) entered into a Term Loan Credit Agreement (the “Credit Agreement”), among the Company, the lenders party thereto (collectively, the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (“Agent”), providing for a $4 billion unsecured term loan (the "Term Loan") that matures on October 16, 2026. The Company used the proceeds from the Term Loan to finance a portion of the…
capital allocationneutralscore 46 - 2026-04-2216d agoItem 2.02
of Form 8-K and is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference in any filing of ServiceNow under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any filings.
earnings preannouncementneutralscore 46 - 2026-04-2216d agoItem 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in
capital allocationnegativescore 36 - 2026-04-011mo agoItem 1.01
Entry into a Material Definitive Agreement. Revolving Credit Facility On April 1, 2026, ServiceNow, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), among the Company, the lenders party thereto (collectively, the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (“Agent”). The Credit Agreement provides for a $3 billion unsecured revolving credit facility (the “Facility”) that matures on April 1, 2031. The proceeds of the Facility may be used for…
capital allocationneutralscore 28 - 2026-04-011mo agoItem 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in
capital allocationnegativescore 22
Score history
The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.