ServiceNow stock holds firm after July 22 earnings beat

ServiceNow stock is steady after July 22 results showed $0.90 adjusted EPS on $3.99 billion in revenue, with analysts still pointing to a $143.76 target.

ServiceNow Inc. (US81762P1021) held close to $124 after its July 22 earnings update, a session that also left the stock with a $128.29 billion market value and a 52-week range of $81.24 to $194.73. The latest numbers show why the name still draws attention even without a fresh corporate filing on the day.

Earnings set the tone

ServiceNow reported $0.90 in adjusted earnings per share for the quarter ended June 30, 2026, beating the $0.86 consensus by $0.04, while revenue came in at $3.99 billion versus $3.93 billion expected. Revenue rose 24.0% from the same quarter a year earlier, when the company earned $0.81 per share.

The same report also pointed to a 11.34% net margin and 16.45% return on equity, two figures that help explain why the business continues to command a premium valuation. On the latest market snapshot, the stock traded at $123.98, just above the session low of $122.17 and below the $128.65 intraday high.

Valuation stays stretched

MarketBeat data showed a consensus rating of Moderate Buy with an average price target of $143.76, while JPMorgan lifted its target to $150 and BTIG reiterated $150 in recent analyst notes. That leaves the shares trading below the street average, even after the post-earnings move.

The valuation remains demanding at a 77.55 price-to-earnings ratio, and the 200-day moving average of $105.59 shows how far the stock has already run. A first.

Now Platform remains central

ServiceNow's flagship Now Platform still anchors the business through IT service management, workflow automation, customer service, HR service delivery and security operations. That mix matters because the company's latest quarter showed both scale and efficiency, with $3.99 billion in revenue and a 24.0% year-over-year increase.

Price action and setup

As of August 16, 2026, ServiceNow traded at $123.98, with a market cap of $128.25 billion, a 52-week low of $81.24 and a 52-week high of $194.73. The stock also changed hands on 15.03 million shares, below its 18.4 million average daily volume.

Fact box

Company: ServiceNow Inc.
ISIN: US81762P1021
Ticker: NOW
Exchange: NYSE
Price (as of August 16, 2026, 4:00 p.m. ET): $123.98 USD
Market cap: $128.25 billion (as of August 16, 2026)
Sector / Industry: Information Technology / Software - Application
Index membership: S&P 500