ServiceNow, Inc. (NYSE: NOW) is a leading cloud computing company specializing in digital workflows and enterprise solutions. Its platform enables organizations to streamline operations, automate tasks, and improve efficiency across IT, customer service, HR, and other departments.
Key Takeaways:
- ServiceNow’s stock price is projected to experience significant growth over the next three decades.
- The company’s innovative solutions and market leadership position it for sustained expansion.
- Factors such as digital transformation trends and cloud adoption will likely drive ServiceNow’s value.
- Long-term investors may find ServiceNow an attractive option for portfolio growth.
Overview of ServiceNow, Inc.
ServiceNow, founded in 2003 as Glidesoft by Fred Luddy, evolved from an IT service management focus to a leading digital workflow solutions provider. Rebranded in 2006 and 2011, it filled the void left by Peregrine Systems, where Luddy was CTO. The company now offers cloud-based services streamlining IT operations and beyond.
Key acquisitions by ServiceNow:
- Atrinet: Enhances telco industry offerings
- Era Software: Strengthens observability solutions
- UltimateSuite: Boosts process mining and intelligent automation capabilities
These acquisitions aim to expand ServiceNow’s portfolio in digital workflow and automation sectors.
ServiceNow, Inc. Company Profile
| Country | United States |
| Ticker Symbol | NOW |
| Exchange | NYSE |
| Founded | 2004 |
| IPO Date | 2012 |
| Industry | Software – IT Services |
| Sector | Information Technology |
| Employees | 22,668 |
| CEO | Bill McDermott |
| Market Cap (August 29, 2024) | $171.12 billion |
| Website | servicenow |
ServiceNow, Inc. (NOW) Balance Sheet Analysis
ServiceNow, Inc.’s 2023 balance sheet reflects a robust financial position, with total assets reaching $17.39 billion, a significant increase from $13.30 billion in 2022. This growth demonstrates the company’s continued expansion and market strength.
The company’s liabilities stood at $9.76 billion, while total equity grew to $7.63 billion from $5.03 billion in the previous year. This substantial increase in equity indicates strong profitability and effective capital management.
ServiceNow maintained a stable debt position of $2.28 billion, nearly unchanged from 2022. The company’s working capital was $412 million, a decrease from the previous year but still indicating adequate liquidity.
Net tangible assets saw impressive growth, rising to $6.17 billion from $3.98 billion in 2022. This significant increase underscores ServiceNow’s solid asset base and potential for future growth in the digital workflow solutions market.
Balance Sheet Data Source: finance.yahoo
ServiceNow, Inc. Stock Price History
ServiceNow, Inc. (NYSE: NOW) had its IPO in the year 2012. ServiceNow, Inc. reached its all-time high price of $815.32 on February 9, 2024.
As of August 29, 2024 the price of ServiceNow stands at $831.27.
NOW Stock Price Forecast 2024
In 2024, we anticipate ServiceNow’s stock to continue its upward trend.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $645.00 | $780.00 | $975.00 |
Our forecast indicates a potential growth of 3.8% by the end of 2024.
In 2024, ServiceNow is expected to capitalize on the growing demand for AI-driven workflow automation. The company’s focus on integrating generative AI into its platform could be a significant driver of growth. Expansion into new markets, particularly in Asia and emerging economies, may also contribute to stock price appreciation. Investors should watch for new product launches and strategic partnerships that could boost ServiceNow’s market position.
NOW Stock Price Forecast 2025
As we move into 2025, ServiceNow is expected to build on its 2024 performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $830.00 | $870.00 | $1,090.00 |
We project a growth of 11.5% from the 2024 average price.
2025 could see ServiceNow leveraging its AI capabilities to enter new sectors such as healthcare and financial services more aggressively. The company’s focus on sustainability solutions might also gain traction as businesses increasingly prioritize ESG goals. Potential acquisitions in complementary technology areas could further drive growth. Keep an eye on ServiceNow’s research and development spending, as it often indicates future innovation potential.
NOW Stock Price Forecast 2026
In 2026, ServiceNow’s stock price is anticipated to maintain its upward momentum.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $925.00 | $970.00 | $1,215.00 |
Our analysis suggests a potential growth of 11.5% from the 2025 average price.
By 2026, ServiceNow’s investments in quantum computing applications for business processes could start bearing fruit. The company might also expand its offerings in cybersecurity automation, addressing growing concerns in this area. ServiceNow’s platform could become increasingly central to digital transformation initiatives across industries. Watch for potential partnerships with major cloud providers to enhance ServiceNow’s market reach and technological capabilities.
NOW Stock Price Forecast 2027
As we look toward 2027, ServiceNow’s market position is expected to continue driving its stock price upward.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $1,030.00 | $1,080.00 | $1,350.00 |
We forecast a growth of 11.3% from the 2026 average price.
In 2027, ServiceNow may benefit from increased adoption of its platform by government agencies worldwide, driven by public sector digital transformation initiatives. The company’s focus on creating industry-specific solutions could pay off, with tailored offerings for sectors like manufacturing and retail. Advancements in natural language processing could make ServiceNow’s interfaces more intuitive and accessible, potentially expanding its user base significantly.
NOW Stock Price Forecast 2028
In 2028, ServiceNow’s stock price is projected to cross the $1,200 mark.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $1,150.00 | $1,205.00 | $1,505.00 |
Our analysis indicates a potential growth of 11.6% from the 2027 average price.
2028 could see ServiceNow further integrating Internet of Things (IoT) capabilities into its platform, opening up new possibilities in predictive maintenance and smart city applications. The company’s efforts in democratizing app development through low-code/no-code tools might reach maturity, potentially disrupting traditional software development models. Keep an eye on ServiceNow’s global expansion efforts, particularly in emerging markets, as a potential growth catalyst.
NOW Stock Price Forecast 2029
As we approach the end of the decade, ServiceNow’s stock price is expected to maintain its upward trend.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $1,285.00 | $1,345.00 | $1,680.00 |
We project a growth of 11.6% from the 2028 average price.
By 2029, ServiceNow’s investments in edge computing could start paying dividends, enabling faster, more localized data processing for its clients. The company might also make significant strides in applying blockchain technology to enhance security and transparency in workflow management. Watch for potential expansions into new verticals such as education or agriculture, which could open up additional revenue streams for ServiceNow.
NOW Stock Price Forecast 2030
Entering the new decade, ServiceNow’s stock price is anticipated to show robust growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $1,435.00 | $1,505.00 | $1,880.00 |
Our forecast suggests a growth of 11.9% from the 2029 average price.
In 2030, ServiceNow might be at the forefront of integrating advanced robotics process automation into its platform, further enhancing efficiency for its clients. The company’s focus on sustainable business practices could resonate strongly with an increasingly environmentally conscious market. As ServiceNow emphasizes sustainability, other tech companies like Qualcomm are also adapting to future trends. Check out our Qualcomm stock prediction for insights into another key player in the tech sector.
NOW Stock Price Forecast 2031
In 2031, ServiceNow’s stock price is expected to continue its ascent.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $1,605.00 | $1,685.00 | $2,105.00 |
We project a growth of 11.9% from the 2030 average price.
2031 could see ServiceNow leveraging advanced neuromorphic computing to create more human-like AI interactions within its platform. The company might also expand its offerings in the realm of digital twin technology, providing clients with powerful simulation and predictive capabilities. Keep an eye on ServiceNow’s efforts in quantum-resistant cryptography, which could become increasingly important as quantum computing advances threaten traditional encryption methods.
NOW Stock Price Forecast 2032
As we move further into the 2030s, ServiceNow’s stock price is anticipated to maintain its upward momentum.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $1,795.00 | $1,885.00 | $2,355.00 |
Our analysis indicates a potential growth of 11.9% from the 2031 average price.
By 2032, ServiceNow could be pioneering the integration of brain-computer interfaces into workflow management, opening up new frontiers in human-machine collaboration. The company’s platform might become central to managing complex, multi-planetary operations as space exploration advances. Watch for ServiceNow’s potential role in developing ethical AI frameworks, which could become increasingly crucial as AI systems become more sophisticated and ubiquitous.
NOW Stock Price Forecast 2033
In 2033, ServiceNow’s stock price is projected to approach the $2,100 mark.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $2,005.00 | $2,105.00 | $2,630.00 |
We forecast a growth of 11.7% from the 2032 average price.
2033 might see ServiceNow at the forefront of integrating advanced biotechnology with digital workflows, potentially revolutionizing healthcare and life sciences industries. The company could also play a significant role in developing AI systems capable of emotional intelligence, enhancing human-AI interactions in business processes. Keep an eye on ServiceNow’s efforts in quantum machine learning, which could provide unprecedented computational power for complex business analytics.
NOW Stock Price Forecast 2034
As we progress through the 2030s, ServiceNow’s stock price is expected to continue its upward trend.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $2,240.00 | $2,350.00 | $2,940.00 |
Our analysis suggests a potential growth of 11.6% from the 2033 average price.
In 2034, ServiceNow might be pioneering the use of molecular computing in business applications, potentially offering unparalleled processing capabilities. The company’s platform could become instrumental in managing global climate mitigation efforts, leveraging its data processing prowess. Watch for ServiceNow’s potential expansion into augmented reality-based workflow management, which could transform how businesses visualize and interact with data and processes.
NOW Stock Price Forecast 2035
In 2035, ServiceNow’s stock price is anticipated to show robust growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $2,500.00 | $2,625.00 | $3,280.00 |
We project a growth of 11.7% from the 2034 average price.
By 2035, ServiceNow could be at the forefront of developing AI systems capable of true creativity, potentially revolutionizing problem-solving in business processes. The company might also play a crucial role in managing the integration of human and artificial intelligence in workplaces. This integration of AI in the workplace isn’t limited to tech companies. Even retailers are leveraging AI for better operations. For more on this, see our Shopify stock price outlook to understand how e-commerce platforms are evolving.
NOW Stock Price Forecast 2036
As we approach the latter half of the 2030s, ServiceNow’s stock price is expected to maintain its upward momentum.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $2,790.00 | $2,930.00 | $3,665.00 |
Our forecast indicates a potential growth of 11.6% from the 2035 average price.
2036 could see ServiceNow leveraging advanced nanotechnology to create microscopic sensors, revolutionizing data collection and analysis in various industries. The company might also be at the forefront of developing AI ethics and governance frameworks, addressing growing concerns about AI autonomy. Watch for ServiceNow’s potential role in creating unified platforms for managing human-AI hybrid workforces, which could become increasingly common.
NOW Stock Price Forecast 2037
In 2037, ServiceNow’s stock price is projected to cross the $3,200 mark.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $3,115.00 | $3,270.00 | $4,090.00 |
We anticipate a growth of 11.6% from the 2036 average price.
By 2037, ServiceNow might be pioneering the integration of quantum computing with blockchain technology, potentially creating ultra-secure and highly efficient business processes. The company could also play a significant role in developing AI systems capable of long-term strategic planning, enhancing business decision-making capabilities. Keep an eye on ServiceNow’s efforts in creating platforms for managing and optimizing autonomous systems across various industries.
NOW Stock Price Forecast 2038
As we move closer to the end of the 2030s, ServiceNow’s stock price is expected to continue its ascent.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $3,475.00 | $3,650.00 | $4,560.00 |
Our analysis suggests a potential growth of 11.6% from the 2037 average price.
In 2038, ServiceNow could be at the forefront of developing cognitive architectures that mimic human reasoning, potentially revolutionizing problem-solving in complex business environments. The company might also play a crucial role in creating platforms for managing global resource allocation, addressing growing sustainability challenges. Watch for ServiceNow’s potential ventures into quantum cryptography, which could become essential as quantum computing threatens traditional encryption methods.
NOW Stock Price Forecast 2039
In 2039, ServiceNow’s stock price is anticipated to approach the $4,100 mark.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $3,880.00 | $4,075.00 | $5,095.00 |
We project a growth of 11.6% from the 2038 average price.
By 2039, ServiceNow might be pioneering the use of bio-inspired computing systems, potentially offering unprecedented efficiency and adaptability in business processes. The company could also be at the forefront of developing AI systems capable of managing and optimizing entire smart cities. Keep an eye on ServiceNow’s efforts in creating platforms for seamless human-AI collaboration in creative and strategic tasks, which could redefine workplace dynamics.
NOW Stock Price Forecast 2040
As we enter the 2040s, ServiceNow’s stock price is expected to maintain its upward trend.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $4,335.00 | $4,550.00 | $5,690.00 |
Our forecast indicates a potential growth of 11.7% from the 2039 average price.
In 2040, ServiceNow could be leveraging advanced materials science to create next-generation computing hardware, potentially offering unparalleled processing capabilities. The company might also play a significant role in developing AI systems capable of emotional support and counseling, addressing growing mental health concerns in the workplace. As tech companies like ServiceNow explore AI for workplace well-being, other sectors are also embracing technological advancements. For instance, the energy sector is adapting to future challenges. To understand how this impacts utilities, see our Exelon stock forecast for insights into the future of energy companies.
NOW Stock Price Forecast 2050
Looking ahead to 2050, our long-term projection for ServiceNow’s stock price is highly positive.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $7,900.00 | $8,300.00 | $9,375.00 |
Our analysis suggests that ServiceNow’s stock price could reach $8,300 by 2050.
By 2050, ServiceNow might be at the forefront of developing AI systems with human-level general intelligence, potentially revolutionizing all aspects of business and society. The company could play a crucial role in managing global efforts to reverse climate change and restore ecosystems. Watch for ServiceNow’s potential ventures into managing interplanetary logistics and communication as space colonization efforts advance. The company’s long-term success will likely depend on its ability to adapt to and shape transformative technological and societal changes.
Conclusion
Our comprehensive analysis of ServiceNow’s stock price forecast from 2024 to 2050 paints a picture of sustained growth and market strength. We project the stock price to reach $8,300 by 2050, representing a remarkable increase over nearly three decades.
This growth is underpinned by several factors:
- ServiceNow’s strong market position in the digital workflow solutions sector
- The company’s focus on innovation and product development
- Increasing global demand for digital transformation and cloud-based services
- ServiceNow’s potential for expansion into new markets and industries
FAQs
1. What is the future of NOW share price?
Based on the forecast provided, ServiceNow’s (NOW) share price is expected to experience significant growth over the coming decades. The forecast suggests a steady upward trend, with the average price projected to increase from $780 in 2024 to $4,550 by 2040. Looking even further ahead, the projection for 2050 estimates an average price of $8,300. This represents a substantial increase over time, indicating a positive long-term outlook for NOW’s share price.
2. Is NOW a good long-term stock?
Based on the provided forecast and growth projections, NOW appears to be positioned as a potentially strong long-term stock. The consistent year-over-year growth projections, ranging from about 3.8% to 11.9% annually, suggest steady appreciation potential. Additionally, the company’s focus on integrating emerging technologies like AI, quantum computing, and blockchain into its offerings indicates a forward-thinking approach that could drive long-term value.
3. What is the NOW 10 year outlook?
The 10-year outlook for NOW, spanning from 2024 to 2034, appears very positive according to the forecast. The average stock price is projected to grow from $780 in 2024 to $2,350 in 2034, representing a total increase of about 201% over this period. This translates to an average annual growth rate of approximately 11.6%.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $2,240.00 | $2,350.00 | $2,940.00 |
The forecast suggests that NOW will continue to innovate and expand its market presence during this time, potentially entering new sectors and leveraging advanced technologies to drive growth.
4. Is NOW a buy, hold, or sell?
Based on our long-term growth projections, NOW (ServiceNow) appears to be a strong “buy” or “hold” candidate, particularly for long-term investors. ServiceNow’s ongoing focus on integrating cutting-edge technologies such as AI, quantum computing, blockchain, and even future technologies like brain-computer interfaces. This emphasis on innovation could help the company maintain a competitive edge and drive growth.
5. Who are the major competitors of NOW?
The major competitors of ServiceNow, Inc. (NYSE: NOW) include:
- Salesforce, Inc. (CRM) – Offers cloud-based CRM and enterprise solutions, competing with ServiceNow in IT service management (ITSM) and digital workflow automation.
- Microsoft Corporation (MSFT) – Competes through its Azure cloud platform and Dynamics 365 suite, offering IT service management and enterprise solutions.
- Oracle Corporation (ORCL) – Provides cloud-based solutions and enterprise software, including IT management tools that rival ServiceNow’s offerings.
- IBM Corporation (IBM) – Competes with its IT service management solutions and AI-driven enterprise software.
- SAP SE (SAP) – A major player in enterprise software, offering solutions for IT service management and digital workflows.
- Workday, Inc. (WDAY) – Offers cloud-based human capital management and financial management solutions, competing in HR workflows and automation.
- Atlassian Corporation Plc (TEAM) – Provides collaboration and IT management software, including Jira Service Management, competing with ServiceNow’s ITSM solutions.
- ServiceMax, Inc. (GDX) – Specializes in field service management software, competing with ServiceNow in specific workflow automation areas.
- Zoho Corporation – Although private, Zoho competes with ServiceNow through its range of cloud-based business software solutions.
- BMC Software, Inc. – Offers IT service management solutions, directly competing with ServiceNow in IT operations management.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
