ServiceNow stock is in the spotlight on Dec. 14, 2025 after reports link the company to a potential $7B Armis deal—just days before its 5-for-1 stock split. Here’s the latest news, analyst forecasts, and market takeaways. [1]
Updated: December 14, 2025
ServiceNow (NYSE: NOW) heads into mid-December with investors weighing an unusual three-part catalyst stack: a potential blockbuster cybersecurity acquisition, a major stock split that becomes effective this week, and a still-bullish Wall Street outlook despite valuation debates.
The headline driving today’s coverage is a report that ServiceNow is in advanced talks to acquire cybersecurity startup Armis in a deal valued at up to $7 billion, which would represent the company’s largest acquisition to date if finalized. [2]
Below is a detailed, publication-ready roundup of the current news, forecasts, and analysis relevant as of 14.12.2025—written for Google News/Discover audiences and optimized for readers searching “ServiceNow stock,” “NOW stock forecast,” and “ServiceNow Armis acquisition.”
ServiceNow stock price today: where NOW stands heading into the week
Because December 14, 2025 falls on a Sunday, U.S. equity markets are closed. ServiceNow shares last traded around $865 (NOW), little changed on the session, with about 1.50M shares in volume in the most recent trading data available.
That price level matters for two reasons:
- It’s the baseline investors are using to judge whether catalysts (the Armis talks, split mechanics, and security strategy) could change sentiment quickly.
- It sets expectations for the post-split reference price if the split occurs as scheduled (more on that below).
Breaking: ServiceNow reportedly nears a deal to buy Armis for up to $7 billion
The biggest stock-moving development dated Dec. 14, 2025 is the report—first attributed to Bloomberg and then amplified across financial media—that ServiceNow is in advanced talks to buy Armis, a fast-growing cybersecurity company. [3]
Key details reported so far:
- Potential deal size: up to $7 billion. [4]
- Timing: a deal could be announced “in the coming days,” but the talks could also fall apart, or another bidder could emerge. [5]
- Company responses: Reuters reported ServiceNow and Armis did not immediately respond to comment requests outside business hours. [6]
What is Armis—and why is it suddenly central to the ServiceNow stock narrative?
Armis positions itself in cyber exposure management and security for connected environments. In Reuters’ reporting, Armis is described as a firm founded in 2016 that secures connected devices in real time and serves more than 40% of Fortune 100 companies. [7]
In early November, Armis announced it closed a $435 million pre-IPO funding round valuing the company at $6.1 billion, and said it was accelerating preparations for an eventual public offering and aiming toward $1 billion in ARR over time. [8]
From a pure market math perspective, that funding round provides context: a $7B headline valuation would imply a premium over the most recently stated $6.1B valuation—though deal structures and terms (cash/stock, earn-outs, retention packages) can change the effective price paid.
How the market may interpret a $7B Armis acquisition
If this deal is confirmed, it would likely be judged on four investor questions:
- Strategic fit: Does Armis deepen ServiceNow’s ability to embed security into workflow automation—especially as enterprise IT shifts toward AI-driven operations?
- Integration complexity: Can ServiceNow unify Armis data into the Now Platform without slowing execution in core products?
- Financial impact: Would a $7B acquisition be dilutive near-term, and how quickly could it become accretive (or at least support subscription expansion)?
- Competitive signaling: Does the move reposition ServiceNow more directly in security platform conversations, alongside other security-first and platform-first vendors?
Channel and security trade coverage has already framed the Armis talks as consistent with a broader push: ServiceNow “continued to bolster its security platform,” including the recently announced plan to acquire Veza (below). [9]
The security strategy context: Veza acquisition plan and ecosystem integrations
Today’s Armis headline doesn’t exist in isolation. It lands after a string of security- and AI-adjacent moves that are shaping the narrative around ServiceNow as an “AI control tower” and a workflow platform that increasingly wants to own governance and risk signals.
ServiceNow and Veza: identity security as a “front line” for AI-era breaches
On Dec. 2, 2025, ServiceNow announced its intent to acquire Veza, describing identity security as “at the forefront of every breach,” and positioning the deal as an extension of ServiceNow’s Security and Risk portfolio into identity governance and access controls. [10]
ServiceNow specifically highlighted Veza’s Access Graph, which maps access relationships across human, machine, and AI identities, and framed the combined value around identity and access controls across applications, data, cloud environments, and AI agents. [11]
That matters for NOW stock because it signals a consistent theme: ServiceNow is trying to make workflow automation inseparable from security governance—particularly as “agentic AI” expands what software can do autonomously.
Recent partner/market moves reinforcing the platform story
In the last week, ServiceNow also announced a CA$110 million multi-year commitment to support AI adoption across Canada’s public sector, including Canadian-hosted AI-ready infrastructure and a new Canada Centre of Excellence with about 100 Canada-based jobs. [12]
Separately, Veeam announced the Veeam App for ServiceNow, aimed at orchestrating and automating data protection workflows inside ServiceNow—an example of ecosystem partners using ServiceNow workflows as the “system of action.” [13]
These items don’t necessarily move the stock as quickly as an acquisition headline, but they add to the “platform gravity” argument bulls often cite.
ServiceNow 5-for-1 stock split: dates, mechanics, and what shareholders should expect
The other major near-term catalyst is structural rather than strategic: ServiceNow’s 5-for-1 stock split.
According to ServiceNow’s SEC filing:
- Shareholders approved the amended charter to effect the 5-for-1 split on Dec. 5, 2025. [14]
- The amended charter becomes effective at 4:05 p.m. Eastern Time on Dec. 17, 2025. [15]
- Shareholders of record at the close of market on Dec. 16, 2025 will receive four additional shares for each share held, reflected “on or about” Dec. 17. [16]
- Trading is expected to begin on a split-adjusted basis “on or about” Dec. 18, 2025. [17]
What a 5-for-1 split means in plain English
- If you own 1 share before the split, you’ll own 5 shares after.
- The share price typically adjusts to roughly one-fifth (all else equal).
- Example: a ~$865 pre-split price would imply roughly $173 post-split (865 ÷ 5 = 173), though real trading prices vary.
A split doesn’t change ServiceNow’s underlying business fundamentals by itself—but it can change trading dynamics (liquidity, perceived affordability, options contract adjustments), which sometimes affects short-term flows.
ServiceNow stock forecast: what analysts and market models are saying on Dec. 14, 2025
Despite volatility in large-cap software this year, “Street” forecasts for ServiceNow remain notably constructive in aggregate.
Analyst consensus targets: roughly 30%+ upside, but with a wide range
Two commonly referenced consensus trackers show similar directional views:
- MarketBeat’s consensus (38 analysts): “Moderate Buy” with an average price target of $1,149.67 (about 32.9% upside from ~mid-$860s), ranging from $724 (low) to $1,315 (high). [18]
- StockAnalysis (30 analysts): consensus “Strong Buy” with an average price target of $1,122, with targets ranging from $724 to $1,300. [19]
Differences between trackers usually come from methodology—how they weight older targets versus the most recent targets, and which analysts are included.
Notable recent rating/target moves in the current cycle
- MarketScreener lists a note indicating Arete adjusted a price target to $1,000 from $835 and maintained a Neutral rating (MT Newswires). [20]
- MarketBeat also reported Arete Research moved ServiceNow to “hold” in a recent update, while reiterating that the broader consensus remains positive. [21]
Bottom line: the forecast picture is bullish overall—but not uniform. There is a real spread between analysts who see premium growth durability and those who think valuation already prices in much of the AI/workflow opportunity.
Fundamental backdrop: the last earnings snapshot still supports the “durable growth” thesis
While today’s story is about M&A and the split, the foundation under the stock is still ServiceNow’s operating performance.
In its Q3 2025 results release, ServiceNow reported:
- Subscription revenue:$3.299B, up 21.5% year over year
- Total revenue:$3.407B, up 22% year over year
- Current remaining performance obligations (cRPO):$11.35B, up 21% year over year
- The board also authorized the five-for-one stock split (later approved by shareholders). [22]
Those numbers are a key reason why many analysts remain comfortable underwriting above-market growth—especially if ServiceNow continues to convert AI adoption into larger, longer-duration enterprise commitments.
Valuation and risk analysis: what could go right—and what could still go wrong
Even bulls generally acknowledge that NOW is a “quality at a price” stock. Recent analysis coverage has focused on whether the share price pullbacks created opportunity—or whether multiples still look stretched compared with broader software peers.
For example, Simply Wall St argued that while some narratives point to meaningful upside, the stock’s earnings multiple can look elevated versus sector benchmarks (and that sentiment shifts could compress valuation). [23]
Main upside drivers investors are watching
- AI monetization in workflows: If AI features increase deal sizes, renewal strength, and platform “stickiness,” premium multiples can be justified longer.
- Security expansion: Veza—and potentially Armis—signal a broader ambition to embed governance/security into the platform, making ServiceNow harder to displace. [24]
- Public sector and regulated industries: Investments like the Canada public-sector push support the “mission-critical platform” narrative in regulated environments. [25]
Key risks to keep in view this week
- Deal risk: Armis talks could fall through, or the market could react negatively to price, financing, or integration complexity. [26]
- Execution risk: Multiple acquisitions in adjacent areas can be strategically sound, but they raise integration and go-to-market complexity.
- Valuation sensitivity: High-quality software names can re-rate quickly if macro conditions shift or if AI expectations reset.
What to watch next for ServiceNow stock (NOW) this week
For readers tracking ServiceNow stock into the second half of December, these are the most actionable items:
- Any confirmation/denial or further reporting on the Armis acquisition talks, and whether terms/valuation change. [27]
- Stock split timeline milestones: record date Dec. 16, charter effective Dec. 17, split-adjusted trading expected Dec. 18. [28]
- How analysts update models post-headline: upgrades/downgrades and target changes often follow M&A clarity. [29]
- Sentiment check: whether investors treat security expansion as additive to the workflow platform—or as a distracting adjacency.
Bottom line: ServiceNow stock enters a catalyst-heavy week
As of December 14, 2025, ServiceNow stock’s near-term story is unusually concentrated:
- A reported $7B Armis acquisition could reshape how the market categorizes ServiceNow (workflow platform only vs. workflow + security governance platform). [30]
- A 5-for-1 stock split is days away, which can amplify retail attention and change trading mechanics (even if fundamentals are unchanged). [31]
- Analyst forecasts remain broadly optimistic, with consensus price targets clustering around the low-to-mid $1,100s—implying roughly ~30%+ upside from recent trading levels, though target dispersion is wide. [32]
References
1. www.reuters.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.armis.com, 9. www.crn.com, 10. newsroom.servicenow.com, 11. newsroom.servicenow.com, 12. newsroom.servicenow.com, 13. www.veeam.com, 14. www.sec.gov, 15. www.sec.gov, 16. www.sec.gov, 17. www.sec.gov, 18. www.marketbeat.com, 19. stockanalysis.com, 20. www.marketscreener.com, 21. www.marketbeat.com, 22. www.servicenow.com, 23. simplywall.st, 24. newsroom.servicenow.com, 25. newsroom.servicenow.com, 26. www.reuters.com, 27. www.reuters.com, 28. www.sec.gov, 29. www.marketbeat.com, 30. www.reuters.com, 31. www.sec.gov, 32. www.marketbeat.com
