ServiceNow Stock: Is Wall Street Bullish or Bearish?

Santa Clara, California-based ServiceNow, Inc. (NOW) provides cloud computing services that automate digital workflows to accelerate enterprise IT operations. With a market cap of $215.3 billion, ServiceNow has helped 85% of the Fortune 500 companies to modernize their technology with its digital-first business model, which enables them to innovate at scale and speed.

The cloud computing giant has significantly outpaced the broader market over the past year, but underperformed in 2025. NOW stock has soared 37.2% over the past 52 weeks and dropped 1.9% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 12.5% gains over the past year and 1.3% returns in 2025.