Rathbones Group PLC Has $118.25 Million Stock Holdings in ServiceNow, Inc. $NOW

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Rathbones Group PLC significantly increased its stake in ServiceNow, Inc. by 419.8% in Q4, now holding 771,946 shares valued at approximately $118.25 million. Despite some mixed signals, including insider selling and analyst target cuts, the overall sentiment remains positive, with CEO Bill McDermott investing in the company and ServiceNow pursuing AI initiatives through an expanded NVIDIA partnership and the Armis acquisition. Institutional investors own a substantial portion of the company’s stock, and analysts maintain an average rating of “Moderate Buy” with a target price of $188.59, recognizing ServiceNow’s strong financial performance and strategic growth endeavors.

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