On January 9, Stifel reduced its price target for ServiceNow, Inc. (NYSE:NOW) to $200 from $230, keeping a Buy rating on the stock. In a note, the firm described the tone of its system integrator checks as having modestly declined quarter-over-quarter. It stated that management would likely adopt a conservative stance for first-quarter organic cRPO guidance, consistent with historical patterns.
Wells Fargo also lowered its price target for ServiceNow to $225 from $255 on January 8, while maintaining an Overweight rating. The firm told investors it believes artificial intelligence will remain central in 2026, identifying three primary investment avenues: incumbents, innovation, and infrastructure. It noted that adoption might be uneven but secular trends are expected to drive performance by 2026.
These rating adjustments came after ServiceNow announced on January 7 that it will release financial results for the fourth quarter and full year ended December 31 after market close on January 28.
ServiceNow provides an AI platform designed for business transformation, aiming to enhance productivity and improve business outcomes. Its Now Platform offers workflow automation for digital businesses, operating as a cloud-based solution with integrated artificial intelligence and machine learning capabilities.