- Barclays kept its Overweight rating on ServiceNow and raised its price target to $160 from $134, while Wells Fargo lifted its target to $190 from $175.
- RBC Capital raised its ServiceNow target to $176 from $130, and Oppenheimer raised its target to $165 from $140 while maintaining an Outperform rating.
- BNP Paribas reiterated an Outperform rating and raised its price target to $160 from $140, projecting a potential reacceleration of growth into fiscal 2027.
- ServiceNow rose 2.0% to $143.72 in morning trading against a prior close of $140.86, while the S&P 500 and Nasdaq were essentially flat.
- ServiceNow's third-quarter 2026 earnings release is scheduled for October 28 after market close, which places the analyst upgrades ahead of a near-term catalyst.
Quotes
“Oppenheimer raised its price target on ServiceNow shares (NYSE:NOW) to $165 from $140 while maintaining an Outperform rating.”
“reiterated an Outperform rating for ServiceNow (NYSE:NOW) and raised its price target to $160 from $140”