Analysts lift ServiceNow targets on modest spend recovery and AI rollout
Oct 6, 2026, 2:41 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Two primary broker-driven price-target upgrades (Stifel to $160, UBS to $150) signal rising expectations; positive commentary on pipeline and AI initiatives often precedes near-term equity moves, though a conservative management outlook provides a cap on upside.
AI summary
What happened, with direct paths to the underlying reporting
Analysts boosted ServiceNow price targets on improving enterprise spend and new AI initiatives, including an India-focused AI Workflow Factory. Stifel cautions a conservative Q4 outlook despite a stronger pipeline, while UBS remains Neutral with valuation upside. The AI rollout and cRPO strength could drive further upside if deal activity sustains.
Stifel raises NOW target to $160; Buy maintained.
UBS lifts target to $150; Neutral rating kept.
NOW AI updates: AI Workflow Factory and Autonomous Engineer in India announced.
cRPO growth 22% YoY; Q4 cRPO guidance ~19.5% YoY CC.
NOW trades around $137.19 as analysts cite pipeline and AI momentum.
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