ServiceNow (NOW) Stock Forecast & Price Target

ServiceNow
Bull Case

Here are some ways that investors could benefit from investing in ServiceNow, Inc.:

• ServiceNow, Inc. is currently trading at $102.86, which represents a significant discount to the consensus price target of $154.50 held by analysts who maintain a Moderate Buy rating, suggesting substantial upside potential for investors entering the position now.
• The company demonstrated strong fundamental performance in its most recent quarter with revenue of $4.11 billion, exceeding analyst expectations of $4.09 billion and marking a 20.5% year-over-year increase, indicating robust demand for its workflow automation platform.
• ServiceNow, Inc. has successfully expanded its artificial intelligence partnerships, including a broadened agreement with LTM and a new deployment with Broward County, Florida, which supports its strategy of integrating AI agents into enterprise workflows to drive future growth.
• Institutional investors are increasing their exposure to the stock, with Fulcrum Asset Management LLP increasing its position by over 28,000% and Candriam S.C.A. adding 572,638 shares in the third quarter, signaling strong confidence from major financial institutions in the company's long-term trajectory.
• The company raised its AI contract-value target to $1.7 billion, and its CFO has publicly dismissed concerns that AI will disrupt the business, instead positioning ServiceNow, Inc. as a key beneficiary of the ongoing AI buildout in the enterprise sector.