ServiceNow Inc. ($NOW) Stock Forecast: Down 9.3% Today

What is ServiceNow Inc.?

NOW, Inc. is a company that provides energy products and solutions for various industries. The stock had a bearish movement today in the market.

Why is ServiceNow Inc. going down?

NOW stock is down 9.3% on May 20, 2026 13:42

• A reduction in stake by Lazard Freres Gestion S.A.S. in Adobe Inc. may have influenced a negative market sentiment, impacting tech stocks like NOW, Inc.
• Marathon Asset Management Ltd also divested shares of Autodesk, Inc., signaling a trend of decreased confidence in tech companies, potentially affecting overall market sentiment.
• Despite positive quarterly results, insider selling at Adobe Inc. and Autodesk, Inc. could have raised investor concerns, leading to a broader sell-off in tech stocks, including NOW, Inc.
• An increase in stake in Salesforce Inc. by Envestnet Portfolio Solutions Inc. and Fideuram Intesa Sanpaolo Private Banking S.P.A. underscores a diverse sentiment in the market, with some investors expressing confidence in specific tech companies while others are reducing their exposure.

NOW Price Chart

NOW Technical Analysis

NOW News

Lazard Freres Gestion S.A.S. Trims Stock Position in Adobe Inc. $ADBE

Lazard Freres Gestion S.A.S. reduced its stake in Adobe Inc. by 6.1% in the fourth quarter, selling 4,924 shares and ending with 75,782 shares valued at approximately $26.5 million. This reduction comes amid notable insider selling, including CEO Shantanu Narayen and CAO Jillian Forusz. Despite a recent $25 billion share buyback authorization, analysts maintain a consensus "Hold" rating with an average price target of $338.15.

https://www.marketbeat.com/instant-alerts/filing-lazard-freres-gestion-sas-trims-stock-position-in-adobe-inc-adbe-2026-05-20/

Marathon Asset Management Ltd Sells 9,065 Shares of Autodesk, Inc. $ADSK

Marathon Asset Management Ltd reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 9.0% in the fourth quarter, selling 9,065 shares and holding 91,230 shares valued at $27.0 million. Despite some analyst price target trims, Wall Street maintains a "Moderate Buy" rating for Autodesk with a consensus price target of $333.07. The company recently reported better-than-expected quarterly results, with EPS of $2.85 and revenue of $1.96 billion, marking a 19.4% year-over-year increase.

https://www.marketbeat.com/instant-alerts/filing-marathon-asset-management-ltd-sells-9065-shares-of-autodesk-inc-adsk-2026-05-20/

Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $34.79 Million in Salesforce Inc. $CRM

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Salesforce Inc. (NYSE:CRM) during the fourth quarter, purchasing 131,324 shares valued at over $34.78 million, making it their 13th largest holding. Other institutional investors also adjusted their positions in Salesforce, with several increasing their holdings. The article details positive, neutral, and negative market sentiments surrounding Salesforce, especially concerning its AI strategy, alongside recent insider transactions and analyst ratings.

https://www.marketbeat.com/instant-alerts/filing-fideuram-intesa-sanpaolo-private-banking-spa-invests-3479-million-in-salesforce-inc-crm-2026-05-20/

Envestnet Portfolio Solutions Inc. Purchases 19,671 Shares of Salesforce Inc. $CRM

Envestnet Portfolio Solutions Inc. has significantly increased its stake in Salesforce Inc. by purchasing an additional 19,671 shares, bringing its total holdings to 44,446 shares valued at $11.8 million. While Salesforce maintains a "Moderate Buy" consensus rating from analysts, recent coverage from Bank of America initiated an "Underperform" rating due to AI concerns. The company recently reported strong quarterly results, beating EPS and revenue estimates, and announced an increased dividend and a $25 billion share repurchase program.

https://www.marketbeat.com/instant-alerts/filing-envestnet-portfolio-solutions-inc-purchases-19671-shares-of-salesforce-inc-crm-2026-05-20/

Bastion Asset Management Inc. Invests $2.54 Million in Adobe Inc. $ADBE

Bastion Asset Management Inc. recently acquired a new stake in Adobe Inc. worth approximately $2.54 million, constituting 1.4% of its holdings. This investment follows Adobe's strong quarterly earnings, where the company surpassed analyst expectations for EPS and revenue and authorized a significant $25 billion share buyback program. Despite positive fundamentals and investor interest, Adobe's stock remains below its 200-day moving average, with analysts generally holding a "Hold" rating and an average price target of $338.15.

https://www.marketbeat.com/instant-alerts/filing-bastion-asset-management-inc-invests-254-million-in-adobe-inc-adbe-2026-05-20/

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ServiceNow Inc. Price History

20.04.2026 - NOW Stock was down 9.3%

• A reduction in stake by Lazard Freres Gestion S.A.S. in Adobe Inc. may have influenced a negative market sentiment, impacting tech stocks like NOW, Inc.
• Marathon Asset Management Ltd also divested shares of Autodesk, Inc., signaling a trend of decreased confidence in tech companies, potentially affecting overall market sentiment.
• Despite positive quarterly results, insider selling at Adobe Inc. and Autodesk, Inc. could have raised investor concerns, leading to a broader sell-off in tech stocks, including NOW, Inc.
• An increase in stake in Salesforce Inc. by Envestnet Portfolio Solutions Inc. and Fideuram Intesa Sanpaolo Private Banking S.P.A. underscores a diverse sentiment in the market, with some investors expressing confidence in specific tech companies while others are reducing their exposure.

29.03.2026 - NOW Stock was down 5.3%

• The downturn in NOW, Inc. might be linked to the prevailing negative sentiment in the energy sector, potentially influenced by uncertainties around oil price fluctuations and geopolitical issues impacting supply chains.
• Investors appear to be responding to recent challenges faced by various companies, notably Salesforce, which experienced a considerable stock price decline. This development could be affecting the broader tech sector and stocks like NOW, Inc.
• The upcoming earnings report from Microsoft and cautious predictions from analysts could be contributing to a risk-averse mood in the market, prompting the downward movement in NOW, Inc.'s stock.
• A general lack of confidence in tech and energy stocks, influenced by company-specific obstacles and wider economic conditions, is likely driving the downward trajectory in NOW, Inc.'s stock value.

18.04.2026 - NOW Stock was up 5.3%

• ServiceNow's bullish movement can be attributed to Bank of America restarting coverage with a Buy rating and a $130 price target, highlighting the company's potential to benefit from AI advancements in the software landscape.
• Despite concerns about AI disruption and a "SaaSpocalypse," ServiceNow's Q1 revenue growth of 22% and rising performance obligations have instilled confidence in investors, leading to the positive market movement.
• The surge in HIVE Digital Technologies and T1 Energy stocks, driven by social media speculation around Leopold Aschenbrenner's 13-F filing, might have influenced traders to seek out other tech-related stocks like ServiceNow, contributing to its bullish performance today.

01.04.2026 - NOW Stock was up 5.1%

• ServiceNow's bullish movement is supported by analysts' positive outlook, anticipating robust revenue growth for 2026. This growth is propelled by strategic alliances and AI-native offerings.
• The company's market performance and potential upside are boosted by its expansive partner ecosystem and continuous platform innovation.
• Companies in the Asia Pacific region accelerating SAP modernization could indirectly boost ServiceNow as modernized systems may require advanced workflow and AI capabilities, aligning with ServiceNow's core offerings.
• The collaboration between Palo Alto Networks' Unit 42 and Armadin to enhance AI-driven defense services underlines the increasing importance of AI in cybersecurity. This trend positions ServiceNow, with its emphasis on AI adoption, favorably for future opportunities.

07.04.2026 - NOW Stock was up 5.4%

• Analysts' bullish ratings and high price targets for ServiceNow (NOW) reflect strong confidence in the company's growth potential, which influenced investor sentiment and contributed to the stock's bullish performance.
• ServiceNow's emphasis on tackling the obstacle of fragmented data impeding enterprise AI adoption through new data capabilities has likely resonated with investors, indicating the company's dedication to innovation and overcoming industry challenges.
• The positive outlook on technology stocks, as indicated by analysts' recommendations for Datadog (DDOG) and ServiceNow (NOW), may have further supported NOW's bullish momentum during the recent trading session.

19.04.2026 - NOW Stock was up 7.3%

• ServiceNow Inc. (NOW) saw a significant 5.9% increase in its stock price, outperforming the market.
• Analyst recommendations and positive earnings outlook contributed to the bullish movement.
• The overall positive sentiment towards tech stocks like ServiceNow, coupled with strong Q1 earnings reports from companies like TOYO Co., Ltd, contributed to the bullish market movement.
• Despite the decline in S&P 500 futures and lagging performances of other companies, ServiceNow stood out with its impressive gains, showcasing investor confidence in the company's growth prospects.

15.04.2026 - NOW Stock was up 9.6%

• ServiceNow exhibited strong bullish momentum today.
• The positive movement is linked to an announcement of a long-term partnership with Experian to incorporate advanced AI capabilities into ServiceNow workflows aimed at accelerating decision-making in critical areas such as onboarding and risk management.
• Favorable market sentiment towards technology stocks, influenced by Cisco Systems' strong earnings and revised revenue outlook, likely contributed to the upward trajectory of ServiceNow's stock.
• Despite encountering some market misconceptions regarding the implications of AI, ServiceNow's robust fundamentals, including impressive subscription growth and high renewal rates, position the company well for future expansion, reinforcing investor trust and propelling the bullish market activity.

15.04.2026 - NOW Stock was up 5.0%

• The bullish movement in ServiceNow's stock today may be connected to the announcement of a multi-year AI automation partnership with Experian, demonstrating the company's dedication to innovation and broadening its service offerings.
• Despite some concerns about overvaluation and relative underperformance within its sector, ServiceNow's strategic acquisitions, strong renewal rates, and platform penetration are fueling revenue growth and market expansion.
• The favorable tech sector sentiment, influenced by Cisco Systems' robust earnings and improved revenue projections, likely played a role in the overall positive trend in ServiceNow's stock price today.
• Investors display confidence in ServiceNow's potential to capitalize on AI technologies for quicker decision-making and scaling AI deployments, positioning the company for continuous growth and competitive advantage in the market.

14.04.2026 - NOW Stock was up 5.2%

• ServiceNow's partnership with Accenture to launch an engineering program for agentic AI integration showcases the company's commitment to advancing AI capabilities, which likely contributed to investor optimism and drove the bullish movement in the stock.
• The significant increase in stake by World Investment Advisors and Atlantic Union Bankshares Corp indicates growing confidence in ServiceNow's future prospects, particularly after the company reported strong Q1 earnings and provided an optimistic outlook for accelerated growth.
• The positive analyst sentiment and average price target above the current value of the stock further support the bullish trend, as investors anticipate continued profitability and expansion in ServiceNow's market presence.
• Overall, the strategic initiatives, positive earnings reports, and increased investor interest in ServiceNow have propelled the stock to a bullish trajectory, reflecting the market's confidence in the company's AI-driven growth strategy and financial performance.

05.04.2026 - NOW Stock was down 5.3%

• The bearish movement in ServiceNow's stock today could be attributed to various factors:
• The increased institutional interest from Truist Financial Corp might have led to profit-taking by some investors, causing a temporary dip in the stock price.
• Despite the positive sentiment on the company's long-term AI-focused growth, insider selling and trimmed analyst price targets could have raised concerns among some market participants, leading to a sell-off.
• The overall market sentiment towards AI stocks might have been impacted by concerns over valuation multiples and rising AI-related issues in the IT services sector, contributing to the downward pressure on ServiceNow's stock.
• The acquisition of shares in Arista Networks by QRG Capital Management Inc. and the positive outlook for the company could have diverted some investor attention away from ServiceNow, affecting its stock performance negatively.

08.04.2026 - NOW Stock was down 5.3%

• NOW, Inc. faced bearish movement possibly due to profit-taking or concerns about future growth.
• Five9's stock price increase, attributed to being undervalued, emphasized the significance of fundamental analysis in influencing market sentiment towards tech companies like NOW, Inc.
• Speculation of former President Trump's interest in reviving "Project Freedom" could have caused market uncertainty, leading to a broader equities sell-off, including NOW, Inc.
• Positive earnings and partnerships from tech firms like Teradata, Nano Nuclear Energy, and IBEX Limited may have diverted investor focus, contributing to NOW, Inc.'s bearish performance.

07.04.2026 - NOW Stock was up 5.6%

• ServiceNow's bullish movement can be attributed to the positive analyst sentiment and high price target upside, indicating confidence in the company's growth prospects.
• The overall bullish trend in technology stocks, as highlighted by analysts' positive outlook on ServiceNow and other tech companies like Datadog, contributed to the stock's upward momentum.
• The market's focus on innovative technology solutions, such as ServiceNow's workflow automation platform, amidst challenges faced by enterprises in managing AI models, likely boosted investor confidence in the stock.
• The news about FedEx director exercising options and retaining shares did not have a direct impact on ServiceNow's bullish movement, as it was a standard procedure and not indicative of any market-moving developments related to the company.