ServiceNow Trading Volume Ranks 59th as Stock Drops 2.65% Amid Bearish Sentiment

On March 26, 2025, ServiceNow (NOW) experienced a trading volume of $1.134 billion, ranking 59th in the day's stock market activity. The stock closed with a 2.65% decline.

Baird recently adjusted its price target for ServiceNow from $1,200 to $1,010, while maintaining an "outperform" rating. This revision reflects a more cautious outlook on the company's future performance, although the firm still believes in its long-term growth potential.

Deep-pocketed investors have shown a bearish stance towards ServiceNow, with significant options activity observed. This suggests that major market players are anticipating potential volatility or a downward trend in the stock's price. The options activity indicates a target price range for ServiceNow between $620.0 and $1000.0 over the next three months, with a notable number of put options being traded.

ServiceNow provides software solutions to automate and structure various business processes through a SaaS delivery model. The company's focus has expanded from IT service management to include customer service, HR service delivery, and security operations. Additionally, ServiceNow offers an application development platform as a service, further enhancing its market position.