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NOWBullishAnalyst Ratingnews
High materiality8/10

Bank of America lifts NOW target to $180 ahead of Q3 earnings

Oct 23, 2026, 2:31 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

A major brokerraising target usually prompts near-term buying interest; with Q3 earnings upcoming, positive sentiment can trigger a capacity-driven move, though the stock trades at a high multiple and is sensitive to bookings and AI monetization progress.

AI summary

What happened, with direct paths to the underlying reporting

Bank of America raised NOW's price target to $180 from $150 and kept a Buy rating, citing AI-powered business automation as a growth catalyst. The note emphasizes NOW's workflow platform, AI-native products, and enterprise data reach as competitive advantages, with the Oct. 28 Q3 print and a CIO survey underscoring ongoing AI spend. Despite valuation, AI adoption tailwinds could drive upside ahead of earnings.

  • Bank of America lifts NOW target to $180 from $150; reiterates Buy.
  • AI-driven demand cited as a key growth driver for NOW.
  • CIO survey shows 54.5% likely to use NOW for back-office AI apps.
  • Q3 results due Oct 28; consensus EPS $1.03, revenue $4.09B.
  • Analysts from Guggenheim, Truist, StoneX raise NOW targets on AI opportunities.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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