ServiceNow Option Alert: Mar 21 $1020 Puts Sweep (5) near the Ask: 181 vs 1396 OI

ServiceNow Option Alert: Mar 21 $1020 Puts Sweep (5) near the Ask: 181 @ $89.0 vs 1396 OI; Ref=$935.5

ServiceNow Option Alert: Jan 16 $1140 Puts at the Bid: 50 vs 74 OI

ServiceNow Option Alert: Jan 16 $1140 Puts at the Bid: 50 @ $203.6 vs 74 OI; Ref=$978.935

ServiceNow Option Alert: Mar 21 $1020 Puts at the Bid: 104 vs 1736 OI

ServiceNow Option Alert: Mar 21 $1020 Puts at the Bid: 104 @ $53.2 vs 1736 OI; Ref=$984.84

ServiceNow Option Alert: Mar 21 $1020 Puts at the Ask: 205 vs 1220 OI

ServiceNow Option Alert: Mar 21 $1020 Puts at the Ask: 205 @ $53.4 vs 1220 OI; Ref=$986.7

ServiceNow (NYSE:NOW) Stock

ServiceNow

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

CSCO


Three mega-cap names recently announced billions in share repurchase authorizations. Mega-cap generally refers to stock with market capitalizations of $200 billion or more. Below, I’ll detail exactly how large the

Buybacks Galore: 3 Mega-Caps Just Approved Billions in Buybacks

Hedge Funds Photo by Panchenko Vladimir on Shutterstock

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AAPL

CRWD

MSFT

NVDA

PLTR

While Nvidia Corp (NASDAQ:NVDA) is an AI darling of the stock market, hedge funds had their sights elsewhere in the fourth quarter of 2024.

5 Top Tech Stocks Hedge Funds Have Been Bullish On In Q4 (Hint: It&#39;s Not Nvidia)

Lisa,Su,,,Amd,Chairman,And,Ceo,Hold,A,Chips

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Price Target

Reiteration

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DOCN

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AMD remains a strong buy with a $170 target price, thanks to its strong position in AI market, market share gains and competition with Intel and Nvidia.

AMD Closing Competitive GPU Gap With Nvidia, Gains Market Share From Intel In Client And Server Markets: Analyst

ServiceNow Inc

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Shares of software companies are trading lower amid overall market weakness on US consumer and economic concerns.

GRMN

CNBC Halftime Report Final Trades: Alphabet, Servicenow, CNX Resources, Garmin

While Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is an AI darling of the stock market, hedge funds had their sights elsewhere in the <a href="https://www.benzinga.com/general/hedge-funds">fourth quarter of 2024</a>.
According to the latest 13F Heat Map for Technology stocks from WhaleWisdom.com, these were the five stocks that saw the most significant inflows from institutional investors:
Read Also: <a href="https://www.benzinga.com/25/02/43796040/marjorie-taylor-greene-discloses-new-stock-trades-palantir-purchase">Marjorie Taylor Greene Discloses New Stock Trades: Is Palantir Purchase Conflict Of Interest For Committee Assignments?</a>
<ul>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>): Sometimes, the simplest move is the smartest one. Instead of betting on a single stock, hedge funds loaded up on XLK, a tech-heavy ETF that offers exposure to industry giants like Microsoft Corp (NASDAQ:MSFT( and Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) . With tech leading the market rally, this broad bet makes sense for institutions looking to ride the wave without taking on single-stock risk.</li>
</ul>
<ul>
<li>CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>): Cybersecurity remains a high-growth sector, and CrowdStrike is leading the charge. The company's cloud-based security platform has made it a go-to for enterprises battling ever-evolving cyber threats. Hedge funds piled in, betting on the increasing demand for AI-driven security solutions.</li>
</ul>
<ul>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>): Love it or hate it, Palantir has been one of the most polarizing stocks in recent years. Hedge funds, however, seem to be firmly in the &#8220;love it&#8221; camp. The company's dominance in AI-driven data analytics, particularly in government and enterprise contracts, has kept institutional money flowing in.</li>
</ul>
<ul>
<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>): Digital transformation isn't slowing down, and neither is ServiceNow. Its AI-powered workflow automation platform is becoming a staple for enterprises looking to streamline operations. Hedge funds are betting big that ServiceNow remains a critical player in the software-as-a-service (SaaS) boom.</li>
</ul>
<ul>
<li>Microsoft: It's no surprise that Big Tech still commands attention. Microsoft, a leader in AI, cloud computing, and enterprise software, continues to be a hedge fund favorite. With Azure maintaining its strong growth and the company deeply entrenched in AI innovation, institutions aren't hesitating to increase their stakes.</li>
</ul>
While Nvidia has been the face of the AI revolution, hedge funds diversified their bets in the fourth quarter, favoring a mix of cybersecurity, software, and tech-heavy ETFs. 
Whether this shift signals a more balanced approach to tech investing or just a strategic hedge, one thing is clear—institutions aren't putting all their chips on a single AI stock.
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43805852/trump-shakes-global-trade-with-25-auto-chip-and-pharma-tariffs-announcement-asian-stocks-pare-their-five-day-rally">Trump Announces 25% Tariff On Auto Imports, Chips And Pharmaceuticals, Shaking Global Trade: Nvidia, Apple, TSMC And Others In Focus</a></li>
</ul>
Image: Shutterstock

5 Top Tech Stocks Hedge Funds Have Been Bullish On In Q4 (Hint: It's Not Nvidia)

Benchmark analyst Cody Acree reiterated Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Buy and a <a target="_blank" href="https://www.benzinga.com/quote/AMD/analyst-ratings" rel="noreferrer noopener">$170&nbsp;price target</a>.
Acree recently hosted AMD&#8217;s Jean Hu, CFO, for a discussion with investors. He came away with further conviction in AMD&#8217;s strong fundamental position, its increasing competitiveness in the AI market, and its continued market share gains in both the Client and Server markets versus Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43728563/amc-networks-q4-earnings-subscriber-growth-cash-flow-despite-revenue-declines-impairment-charges-free-cash-flow-outlook" rel="noreferrer noopener">AMC Networks Q4 Earnings: Streaming Revenue And Subscriber Growth Cushions Revenue Decline</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12.png" alt="" class="wp-image-787133" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18102022/newplot-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The analyst noted a focus on the company&#8217;s AI ramp of its next-generation MI350 GPU with a pulled-ahead schedule of mid-year 2025 versus the prior schedule of the second half. With the transition, AMD expects first-half 2025 Data Center revenue to be flat due to softer seasonality and its Instinct revenue to be flat as customers wait for the launch of the new platform.
AMD broadly expects MI350 to be much more directly competitive with Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell, with MI400 likely to be technically competitive with Rubin. Nvidia&#8217;s Blackwell delays and accelerated move-up of the MI350 launch proved that AMD is closing the competitive gap.
AMD noted ASICs only make up about 20% of the total AI silicon opportunity, thereby remaining adamant about not changing its focus priority from its primary GPU roadmap.
The analyst said that the company&#8217;s Client business continues to look solid as AMD gains market share momentum in both the Desktop and Notebook markets.
At a high level, for 2025, AMD is forecasting its PC TAM to grow by a mid-single-digit percentage year-on-year. However, based on the breadth of its client CPU portfolio and strong design win momentum, the company expects to grow its Client segment revenue well ahead of the market.
While the company expects its Client business to see normal first-quarter softer seasonality, in 2025, it is benefiting from its first win at Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) in the commercial client space.
In the server market, AMD continues to benefit from the strong adoption of its Gen 4 and new Gen 5 designs.
The company is seeing its EPYC processors gaining traction thanks to Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Dell, and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Amazon Web Services, Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) launched over 100 AMD general-purpose and AI instances in just the fourth quarter.
In the fourth quarter, EPYC CPU sales grew by a strong double-digit percentage annually, thanks to high-volume deployments with ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), and others. Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) exclusively used MI300X to power their Llama 405B frontier model on meta.ai.
Microsoft leveraged MI300X to power multiple GPT-4-based Copilot services.
With over 100 customer engagements in AI, AMD expanded its ROCm software suite.
International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), DigitalOcean Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), and several other AI-focused Cloud Service Providers have begun deploying AMD Instinct accelerators for new instances. IBM also announced plans to enable MI300X on their watsonx.ai and data platform for training and deploying enterprise-ready generative AI applications.
AMD began volume production of MI325X in the fourth quarter. MI325 delivers significant performance and TCO advantages compared to competitive offerings, including H100.
AMD has passed key milestones and received unconditional regulatory approvals regarding its acquisition of ZT Systems. Additionally, AMD expects to divest ZT Systems&#8217; data center infrastructure production capabilities.
While industry capacity will likely remain tight, AMD noted it has successfully secured sufficient wafer capacity to support its customers&#8217; planned ramps through the end of this year and into 2026.
Price Action: AMD stock is up 1.10% at $114.35 at the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/25/02/43727973/taiwan-semiconductor-eyes-us-expansion-amid-taiwans-push-for-bigger-investments-and-advanced-chip-production" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Eyes US Expansion Amid Push for Bigger Investments and Advanced Chip Production</a></li>
</ul>
Photo via Shutterstock

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 5 years by 10.6% on an annualized basis producing an average annual return of 23.42%. Currently, ServiceNow has a market capitalization of $203.39 billion. 
Buying $1000 In NOW: If an investor had bought $1000 of NOW stock 5 years ago, it would be worth $2,795.46 today based on a price of $985.00 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739803508_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Whales with a lot of money to spend have taken a noticeably bullish stance on ServiceNow.
Looking at options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) we detected 28 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 32% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $1,125,951 and 21, calls, for a total amount of $1,099,615.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $600.0 to $1500.0 for ServiceNow over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ServiceNow's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ServiceNow's substantial trades, within a strike price spectrum from $600.0 to $1500.0 over the preceding 30 days.
<h3>ServiceNow Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739298626_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$241.6</td>
<td>$230.9</td>
<td>$236.52</td>
<td>$1160.00</td>
<td>$708.8K</td>
<td>33</td>
<td align="right">30</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$40.4</td>
<td>$38.7</td>
<td>$38.7</td>
<td>$1020.00</td>
<td>$119.9K</td>
<td>1.1K</td>
<td align="right">32</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$77.3</td>
<td>$74.8</td>
<td>$77.3</td>
<td>$1030.00</td>
<td>$108.2K</td>
<td>42</td>
<td align="right">14</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/14/25</td>
<td>$34.3</td>
<td>$34.2</td>
<td>$34.3</td>
<td>$1020.00</td>
<td>$85.7K</td>
<td>72</td>
<td align="right">40</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$161.2</td>
<td>$158.0</td>
<td>$158.0</td>
<td>$880.00</td>
<td>$79.0K</td>
<td>19</td>
<td align="right">5</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
In light of the recent options history for ServiceNow, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is ServiceNow Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 426,670, with NOW's price down by -1.57%, positioned at $1005.75.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 71 days.</li>
</ul>
<h3>What Analysts Are Saying About ServiceNow</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1285.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Jefferies persists with their Buy rating on ServiceNow, maintaining a target price of $1250. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on ServiceNow, which currently sits at a price target of $1250. 
&#x2A; Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for ServiceNow, targeting a price of $1300. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1200. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on ServiceNow, which currently sits at a price target of $1426. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ServiceNow with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

ServiceNow Options Trading: A Deep Dive into Market Sentiment

In the preceding three months, 28 analysts have released ratings for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">10</td>
<td align="right">16</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">5</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $1211.82, with a high estimate of $1432.00 and a low estimate of $716.00. This current average reflects an increase of 9.26% from the previous average price target of $1109.12. 
<img src="https://www.benzinga.com/files/images/story/2025/1738695657_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of ServiceNow among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$1426.00</td>
<td>$1432.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$1250.00</td>
<td>$1300.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$1275.00</td>
<td>$1200.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1200.00</td>
<td>$1150.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$1210.00</td>
<td>$1210.00</td>
</tr>
<tr>
<td>Rob Oliver</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$1200.00</td>
<td>$1250.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$1200.00</td>
<td>$1250.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$1300.00</td>
<td>$1300.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$1200.00</td>
<td>$1150.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1250.00</td>
<td>$950.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$1432.00</td>
<td>$1071.00</td>
</tr>
<tr>
<td>John Difucci</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Sell</td>
<td>$716.00</td>
<td>-</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$1300.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Overweight</td>
<td>$1332.00</td>
<td>-</td>
</tr>
<tr>
<td>Kash Rangan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$1200.00</td>
<td>$1050.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1200.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1210.00</td>
<td>$1045.00</td>
</tr>
<tr>
<td>Robert Majek</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$1200.00</td>
<td>-</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$1200.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1210.00</td>
<td>$1070.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$1100.00</td>
<td>$900.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1300.00</td>
<td>$1025.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1250.00</td>
<td>$1150.00</td>
</tr>
<tr>
<td>Brian Schwartz</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1150.00</td>
<td>$1020.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$1250.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$1150.00</td>
<td>$1075.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1070.00</td>
<td>$980.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$1150.00</td>
<td>$1050.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to ServiceNow. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of ServiceNow compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of ServiceNow's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of ServiceNow's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/NOW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ServiceNow analyst ratings.</a>
<h2>Discovering ServiceNow: A Closer Look</h2>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<h3>ServiceNow: A Financial Overview</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: ServiceNow's remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 21.34%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: ServiceNow's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.99%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 4.06%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.98%, the company showcases effective utilization of assets.
Debt Management: ServiceNow's debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing ServiceNow: Insights From 28 Financial Analysts

Citigroup analyst Tyler Radke maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and lowers the price target from $1432 to $1426.

Citigroup Maintains Buy on ServiceNow, Lowers Price Target to $1426

High-rolling investors have positioned themselves bearish on ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NOW often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for ServiceNow. This is not a typical pattern.
The sentiment among these major traders is split, with 23% bullish and 46% bearish. Among all the options we identified, there was one put, amounting to $32,200, and 12 calls, totaling $1,498,727.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $780.0 to $1140.0 for ServiceNow over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of ServiceNow stands at 117.7, with a total volume reaching 264.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ServiceNow, situated within the strike price corridor from $780.0 to $1140.0, throughout the last 30 days.
<h3>ServiceNow Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738682131_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$146.5</td>
<td>$139.6</td>
<td>$141.83</td>
<td>$900.00</td>
<td>$384.1K</td>
<td align="right">212</td>
<td align="right">0</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$64.0</td>
<td>$61.3</td>
<td>$64.0</td>
<td>$1010.00</td>
<td>$217.6K</td>
<td align="right">193</td>
<td align="right">34</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/14/25</td>
<td>$46.8</td>
<td>$45.0</td>
<td>$45.0</td>
<td>$1020.00</td>
<td>$180.0K</td>
<td align="right">3</td>
<td align="right">41</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$73.0</td>
<td>$67.1</td>
<td>$69.9</td>
<td>$1000.00</td>
<td>$174.7K</td>
<td align="right">490</td>
<td align="right">1</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$67.9</td>
<td>$64.5</td>
<td>$66.0</td>
<td>$1000.00</td>
<td>$165.0K</td>
<td align="right">490</td>
<td align="right">58</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
<h3>Current Position of ServiceNow</h3>
<ul>
<li>Trading volume stands at 289,173, with NOW's price down by -0.73%, positioned at $1013.47.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What The Experts Say On ServiceNow</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $1118.2.
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&#x2A; An analyst from Guggenheim has revised its rating downward to Sell, adjusting the price target to $716. 
&#x2A; An analyst from Canaccord Genuity persists with their Buy rating on ServiceNow, maintaining a target price of $1275. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on ServiceNow with a target price of $1200. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for ServiceNow, targeting a price of $1200. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on ServiceNow with a target price of $1200. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

ServiceNow's Options Frenzy: What You Need to Know

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 10 years by 18.63% on an annualized basis producing an average annual return of 29.94%. Currently, ServiceNow has a market capitalization of $210.00 billion. 
Buying $1000 In NOW: If an investor had bought $1000 of NOW stock 10 years ago, it would be worth $13,649.38 today based on a price of $1017.02 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738359009_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

Whales with a lot of money to spend have taken a noticeably bearish stance on ServiceNow.
Looking at options history for ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) we detected 60 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 19 are puts, for a total amount of $2,502,956 and 41, calls, for a total amount of $2,982,640.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $500.0 and $1340.0 for ServiceNow, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ServiceNow's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ServiceNow's significant trades, within a strike price range of $500.0 to $1340.0, over the past month.
<h3>ServiceNow 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738341122_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$66.0</td>
<td>$59.2</td>
<td>$64.0</td>
<td>$1090.00</td>
<td>$320.0K</td>
<td align="right">89</td>
<td align="right">4</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$555.0</td>
<td>$550.0</td>
<td>$550.0</td>
<td>$500.00</td>
<td>$275.0K</td>
<td align="right">17</td>
<td align="right">5</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$66.0</td>
<td>$65.6</td>
<td>$66.0</td>
<td>$1000.00</td>
<td>$250.8K</td>
<td align="right">474</td>
<td align="right">186</td>
</tr>
<tr>
<td>NOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$84.5</td>
<td>$79.5</td>
<td>$81.0</td>
<td>$1000.00</td>
<td>$202.5K</td>
<td align="right">25</td>
<td align="right">25</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$57.2</td>
<td>$51.2</td>
<td>$55.0</td>
<td>$1010.00</td>
<td>$192.5K</td>
<td align="right">133</td>
<td align="right">75</td>
</tr>
</tbody>
</table>

<h3>About ServiceNow</h3>
ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.
Having examined the options trading patterns of ServiceNow, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>ServiceNow's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,006,658, the price of NOW is up by 1.65%, reaching $1029.44.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 82 days from now.</li>
</ul>
<h3>Expert Opinions on ServiceNow</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1235.0.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on ServiceNow with a target price of $1300. 
&#x2A; An analyst from Canaccord Genuity persists with their Buy rating on ServiceNow, maintaining a target price of $1275. 
&#x2A; An analyst from Baird has decided to maintain their Outperform rating on ServiceNow, which currently sits at a price target of $1200. 
&#x2A; Consistent in their evaluation, an analyst from Needham keeps a Buy rating on ServiceNow with a target price of $1200. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on ServiceNow with a target price of $1200. 
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Jefferies analyst Samad Samana maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and lowers the price target from $1300 to $1250.

Jefferies Maintains Buy on ServiceNow, Lowers Price Target to $1250

Canaccord Genuity analyst David Hynes maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $1200 to $1275.

Canaccord Genuity Maintains Buy on ServiceNow, Raises Price Target to $1275

<h3>Gainers</h3>
<ul>
<li>Alpha Modus Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMOD#NASDAQ">AMOD</a>) shares moved upwards by 77.3% to $2.73 during Thursday's pre-market session. The market value of their outstanding shares is at $36.0 million. </li>
<li>ScanTech AI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAI#NASDAQ">STAI</a>) shares rose 24.0% to $1.86. The market value of their outstanding shares is at $34.8 million. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) shares moved upwards by 21.76% to $2.35. The market value of their outstanding shares is at $20.2 million. </li>
<li>Celestica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) stock increased by 18.32% to $118.9. The company's market cap stands at $13.8 billion. The company's, Q4 earnings came out yesterday. </li>
<li>NetScout Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTCT#NASDAQ">NTCT</a>) stock increased by 16.37% to $26.01. The company's market cap stands at $1.8 billion. As per the press release, Q3 earnings came out today. </li>
<li>Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) stock rose 12.1% to $8.8. The market value of their outstanding shares is at $98.5 million. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares fell 22.5% to $0.62 during Thursday's pre-market session. The market value of their outstanding shares is at $3.0 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock declined by 16.83% to $3.61. The company's market cap stands at $2.0 million. </li>
<li>Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) stock decreased by 16.43% to $102.0. The company's market cap stands at $16.6 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Diginex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGNX#NASDAQ">DGNX</a>) shares fell 14.58% to $42.84. The market value of their outstanding shares is at $985.0 million. </li>
<li>ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) stock fell 10.48% to $1023.79. The market value of their outstanding shares is at $211.2 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock decreased by 9.56% to $2.65. The company's market cap stands at $4.9 million. As per the press release, FY earnings came out 3 days ago. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BNZI

CODA

DGNX

NTCT

STAI

SVRE

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S. economic growth in the<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43336153/us-economy-grows-below-q4-estimates-as-consumer-spending-hits-7-quarter-high"> final quarter of 2024.</a>
After Tuesday's rally — which followed a selloff triggered by DeepSeek&#8217;s impact earlier in the week — caution has taken hold, signaling the wounds from the downturn are still fresh.
Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) is among the hardest-hit stocks, plunging more than 6%, which could mark its worst daily decline<a href="https://www.benzinga.com/news/earnings/25/01/43333060/msft-stock-declines-over-4-in-premarket-after-q2-results-ceo-satya-nadella-says-deepseek-has-some-r"> since October 2022</a>.
Despite reporting overall stronger-than-expected earnings, Microsoft&#8217;s cloud segment, Azure, fell short of growth expectations, and the company slightly missed its revenue guidance for the ongoing quarter.
In contrast, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) climbed 1.7% post-earnings, reaching new all-time highs.
Another major laggard was United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), which plummeted 15%, potentially heading for its worst single-day drop <a href="https://www.benzinga.com/news/earnings/25/01/43335015/ups-q4-earnings-major-customer-volume-cut-raises-jitters-stock-tanks">since going public in 2002</a>.
UPS Chief Financial Officer Brian Dykes revealed during the earnings call the company reached an agreement in principle with Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) to significantly cut the volume of packages it handles for the e-commerce giant, aiming for a 50% reduction by the second half of 2026.
The U.S. dollar and bond yields remained stable following the Federal Reserve's decision Wednesday to keep interest rates unchanged at 4.25%-4.5%.
Among commodities, precious metals stood out, with gold rising 1.4% to <a href="https://www.benzinga.com/news/econ-s/25/01/43348204/gold-hits-record-high-as-central-banks-ease-stance-5-mining-stocks-rally">new all-time highs </a>and silver climbing 2.4%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged up 1% to around $105,000.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>• Russell 2000</td>
<td>2,306.29</td>
<td>1.0%</td>
</tr>
<tr>
<td>• Dow Jones</td>
<td>44,866.30</td>
<td>0.3%</td>
</tr>
<tr>
<td>• S&amp;P 500</td>
<td>6,054.43</td>
<td>0.3%</td>
</tr>
<tr>
<td>• Nasdaq 100</td>
<td>21,420.81</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012925&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;inched 0.2% higher to $603.10.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) edged up by 0.2% to $448.22.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;edged 0.1% lower to $521.30.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.2% to $228.50.</li>
<li>The&nbsp;Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.7%; the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), lagged down 0.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 4.4% in reaction to quarterly earnings results. </li>
<li>Other stocks reacting to earnings include:
<ul>
<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) down 12.6%</li>
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) up 12.3%</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) up 7.96%</li>
<li>Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) down 1.15%</li>
<li>Ameriprise Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) down 3.08%</li>
<li>Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) up 4.53%</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) up 10.4%</li>
<li>Lazard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) up 3.58%</li>
<li>Kirby Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) up 7.22%</li>
<li>Flagstar Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>) up 16.46%</li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) down 4.43%</li>
<li>Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) down 2.04%</li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) down 6.09%</li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) down 2.5%, </li>
<li>Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) down 8.46%,</li>
</ul>
</li>
<li>Major companies slated to report earnings after the close are Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), PPG Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>), ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>), Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) and LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>). </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/25/01/43342224/ryan-cohen-moves-gamestop-shares-to-personal-name-sparking-speculation-on-next-steps">Ryan Cohen Moves 36.8 Million GameStop Shares To Personal Name, Sparking Speculation On Next Steps</a></li>
</ul>
Photo via Shutterstock.

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Wall Street Remains Flat, Microsoft Eyes Heaviest Drop Since Late 2022, Gold Sets Fresh Records: What's Driving Markets Thursday?

Oppenheimer analyst Brian Schwartz maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and raises the price target from $1150 to $1200.

Oppenheimer Maintains Outperform on ServiceNow, Raises Price Target to $1200

RBC Capital analyst Matthew Hedberg reiterates ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and maintains $1210 price target.

RBC Capital Reiterates Outperform on ServiceNow, Maintains $1210 Price Target

Baird analyst Rob Oliver maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and lowers the price target from $1250 to $1200.

Baird Maintains Outperform on ServiceNow, Lowers Price Target to $1200

JP Morgan analyst Mark Murphy maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Overweight and lowers the price target from $1250 to $1200.

JP Morgan Maintains Overweight on ServiceNow, Lowers Price Target to $1200

ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) shares are trading lower Thursday after the company reported soft financial results for the fourth-quarter. Here&#8217;s what <a href="https://www.benzinga.com/pressreleases/25/01/b43318968/servicenow-reports-fourth-quarter-and-full-year-2024-financial-results-board-of-directors-authoriz">you need to know</a>.
<ul>
<li>Q4 Revenue: $2.957 billion, versus <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $2.961 billion</li>
</ul>
<ul>
<li>Q4 Adjusted EPS: $3.67 per share, in line with estimates</li>
</ul>
Total revenue and subscription revenue was up 21% on a year-over-year basis. Remaining performance obligations totaled&nbsp;$10.7 billion at quarter&#8217;s end, up 19% year-over-year. ServiceNow said it now has nearly 500 customers with more than&nbsp;$5 million&nbsp;in annual contract value, representing&nbsp;21%&nbsp;year-over-year growth.
"AI is fueling a top-to-bottom re-ordering of the enterprise technology landscape. Leaders are embracing the ServiceNow Platform as their AI agent control tower to unlock exponential productivity and seamlessly orchestrate end-to-end business transformation," said&nbsp;Bill McDermott, chairman and CEO of ServiceNow.
"We are still in the early days of a massive opportunity. ServiceNow's innovation, growth, and profitability put us in a class of one."
See Also: <a href="https://www.benzinga.com/news/25/01/43341518/ibm-posts-upbeat-earnings-joins-oshkosh-las-vegas-sands-nokia-quest-diagnostics-and-other-big-stocks">IBM Posts Upbeat Earnings, Joins Oshkosh, Las Vegas Sands, Nokia, Quest Diagnostics And Other Big Stocks Moving Higher On Thursday</a>
ServiceNow expects first-quarter subscription revenue of $2.995 billion to $3 billion. The company expects full-year subscription revenue of $12.635 billion to $12.675 billion.
ServiceNow&#8217;s board authorized additional share repurchases of up to $3 billion. The company had $266 million remaining under its existing buyback at quarter's end.
ServiceNow also announced expanded partnerships with&nbsp;<a href="https://www.benzinga.com/pressreleases/25/01/b43318750/servicenow-expands-strategic-alliance-with-visa" target="_blank" rel="noreferrer noopener">Visa</a>,&nbsp;<a href="https://www.benzinga.com/pressreleases/25/01/b43318796/servicenow-expands-workflow-data-fabric-capabilities-with-new-oracle-autonomous-database-oracle-da" target="_blank" rel="noreferrer noopener">Oracle</a>,&nbsp;<a href="https://www.benzinga.com/pressreleases/25/01/b43318875/servicenow-and-google-cloud-expand-partnership-to-deliver-ai-powered-tools-to-millions-of-users" target="_blank" rel="noreferrer noopener">Google Cloud</a>&nbsp;and&nbsp;<a href="https://www.benzinga.com/pressreleases/25/01/b43318668/servicenow-and-softwareone-announce-strategic-partnership-to-transform-it-modernization-in-the-clo" target="_blank" rel="noreferrer noopener">SoftwareOne</a>.
Following the company&#8217;s quarterly results, Needham analyst Mike Cikos maintained ServiceNow with a Buy and raised the price target from&nbsp;$1,150&nbsp;to&nbsp;$1,200. JMP Securities analyst Patrick Walravens reiterated a <a href="https://www.benzinga.com/analyst-stock-ratings">Market Outperform rating</a> and maintained a price target of&nbsp;$1,300.
NOW Price Action: <a href="https://www.benzinga.com/quote/NOW" target="_blank" rel="noreferrer noopener">ServiceNow shares</a> were down 11.4% at $1,013.95 at the time of publication Thursday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

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