ServiceNow's $10.58 Billion Trading Day Lands 81st in Market Activity

On July 21, 2025, ServiceNow (NOW) experienced a slight decline of 0.36%, with a trading volume of $10.58 billion, ranking 81st in the day's market activity.

ServiceNow is scheduled to release its Q2 2025 earnings on July 23, with analysts projecting revenue of $3.12 billion, marking an 18.79% increase from the previous year. The company has also raised its subscription revenue guidance for the fiscal year to a range of $12.64 billion to $12.68 billion, indicating an 18.5% to 19% year-over-year growth.

Goldman Sachs has reiterated a Buy rating and a $1,150 price target, expecting the company to meet its guidance for second-quarter subscription revenue growth. Barclays has also boosted its price target for ServiceNow to $1,200 from $1,085, maintaining an Overweight rating on the shares.

ServiceNow's AI-driven offerings and major partnerships continue to drive growth, with subscription revenues expected to reach between $3.030 billion and $3.035 billion in Q2, representing a 19% to 19.5% year-over-year increase. In Q1 and Q2 2025, subscription revenue grew 19% to just over $3 billion per quarter, and total RPO expanded 22%–25% to $22.1 billion.