Are Wall Street Analysts Predicting ServiceNow Stock Will Climb or Sink?

With a market cap of $106.6 billion, ServiceNow, Inc. (NOW) is a cloud-based software company that provides digital workflow solutions to help organizations automate and manage IT, customer service, security, HR, and business operations across multiple industries worldwide. It also offers AI-driven platforms, database solutions, and enterprise collaboration services to support scalable and secure business transformation.

Shares of the Santa Clara, California-based company have lagged behind the broader market over the past 52 weeks. NOW stock has tumbled 50.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 23.8%. Moreover, shares of the company are down 33.9% on a YTD basis, compared to SPX's 7.9% gain.