34.8% Below Target

The consensus Wall Street price target for NOW is $149.21, representing 34.8% upside from the current price of $110.73. With 69 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

NOW has a consensus rating of "Buy" based on 69 Wall Street analysts. The rating breakdown is predominantly bullish, with 58 Buy/Strong Buy ratings. The consensus 12-month price target of $149.21 implies 34.8% upside from current levels.

NOW trades at a forward P/E of 26.6569x, representing a moderate valuation. With analysts targeting $149.21 (34.8% implied move), the stock appears reasonably valued with upside.

The most bullish Wall Street analyst has a price target of $236 for NOW, while the most conservative target is $85. The consensus of $149.21 represents the median expectation. Our quantitative valuation model projects a bull case target of $215 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

NOW is heavily covered by Wall Street, with 69 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 58 have Buy ratings, 10 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month NOW stock forecast based on 69 Wall Street analysts shows a consensus price target of $149.21, with estimates ranging from $85 (bear case) to $236 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $163, with bear/bull scenarios of $103/$215.

Our quantitative valuation model calculates NOW's fair value at $163 (base case), with a bear case of $103 and bull case of $215. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 60/100.

NOW trades at a forward P/E ratio of 26.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 66.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are very optimistic on NOW, with a "Buy" consensus rating and $149.21 price target (34.8% upside). 58 of 69 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

NOW analyst price targets range from $85 to $236, a 101% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $149.21 consensus represents the middle ground. Our model's $103-$215 range provides an independent fundamental perspective.