ServiceNow NOW Soars 4.24% on Strong 2024 Earnings

On April 23, 2025, ServiceNow's stock rose by 4.24% in pre-market trading, reflecting positive market sentiment and investor confidence in the company's recent performance and future prospects.

Barclays maintained its "Overweight" rating for ServiceNow, with a new target price of $967.00. This rating indicates a bullish outlook on the company's stock, suggesting that it is expected to outperform the broader market.

ServiceNow released its 2024 annual report on January 30, 2025, revealing strong financial performance. The company reported revenue of $109.84 billion for the year ending December 31, 2024, representing a 22.44% increase from the previous year. Net income for the year was $14.25 billion, with basic earnings per share of $6.92.

ServiceNow, Inc. was originally registered as GlideSoft, Inc. in California in June 2004 before re-registering in Delaware and changing its name. The company is a leading provider of cloud-based services that automate enterprise IT operations, offering a suite of applications built on a proprietary platform that automate workflows and integrate related business processes. ServiceNow focuses on transforming enterprise IT through the automation and standardization of business processes and the integration of IT across global enterprises.