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Cantor Fitzgerald raised its price target for the software maker from $141 to $174 while keeping its overweight rating, which is a recommendation to own more of the stock than usual. This new target is about 27 percent higher than where the stock trades now. This move puts the firm's outlook significantly higher than the average analyst target of $144. It suggests growing confidence that ServiceNow can continue to win more business as large companies use its platform to run their AI tools and automate office work.
Source: Cantor Fitzgerald
Needham raised its price target from $115 to $155 while keeping a buy rating on the stock. This follows similar target increases from other firms earlier in the week, bringing the average analyst target to $143. These moves suggest growing confidence in the company's ability to sell its AI-powered automation software to large corporations.
Source: Needham
Wells Fargo kept its overweight rating, which is a signal that they expect the stock to perform better than the broader market. The firm raised its target price from $160 to $175, suggesting they see about 30 percent more room for the stock to grow from its current price.
This move reflects confidence that the company can continue to sign large contracts even as businesses look more closely at their software budgets. The average target among all analysts who follow the stock now sits at about $141.
Source: Wells Fargo
BTIG raised its price target for ServiceNow to $170 from $150. This move suggests the firm sees the stock rising about 25 percent from where it trades today. The new target is also higher than the $141 average across all analysts who follow the company. While a target change on its own is routine, it reflects continued confidence in the company's ability to sell its AI-powered workflow software to large businesses. This software helps companies automate tasks like IT support and HR requests, which has become a priority for corporations looking to save on labor costs.
Source: BTIG
ServiceNow is adding tools from Pricefx, a company that helps businesses set and manage prices, to its sales software. This lets account teams see real-time advice on how to negotiate deals and which products to recommend without leaving the ServiceNow platform. This is a small but useful addition that fits the company's goal of being the central place where employees get work done. By folding more specialized tools like pricing intelligence into its own system, ServiceNow makes its software harder for large companies to replace.
Source: Business Wire
Management consistently sets a bar they can clear, delivering seven straight beats while revenue grows by about 24 percent. This steady pattern shows they have a firm handle on their costs and customer demand.
| Expectation | |
|---|---|
| EPS | $1.03 |
| Revenue | $4.10B |