• Goldman Sachs sets a price target of $216 for ServiceNow (NYSE:NOW), indicating a potential increase of approximately 84.6%.
• ServiceNow's market capitalization stands at approximately $122.39 billion, showcasing its significant industry presence.
• The stock's addition to the US Conviction List by Goldman Sachs highlights its growth potential in the competitive cloud computing market.

ServiceNow, listed on the NYSE under the symbol NOW, is a prominent player in the cloud computing industry. The company specializes in digital workflows, helping businesses streamline their operations. ServiceNow competes with other tech giants like Salesforce and Microsoft in the enterprise software market. Despite facing valuation concerns in 2025, ServiceNow remains a key player with a promising future.

On February 2, 2026, Goldman Sachs set a price target of $216 for ServiceNow (NYSE:NOW), significantly higher than its current price of $117.01. This suggests a potential price increase of approximately 84.6%. The stock's addition to the US Conviction List by Goldman Sachs, as highlighted by TheFly, further underscores its potential for growth.

ServiceNow's recent Q4 release confirmed its strengths and highlighted its promising long-term outlook. The company's market capitalization stands at approximately $122.39 billion, reflecting its substantial presence in the industry. Despite a slight increase of 0.28, or 0.24%, in its stock price, ServiceNow's potential for a rebound in 2026 is evident.

The stock has experienced fluctuations, with a daily low of $115.89 and a high of $118.83. Over the past year, NOW has reached a high of $211.48 and a low of $113.13. This volatility presents a potential buying opportunity for investors, especially given the positive outlook from Goldman Sachs.

Today's trading volume for ServiceNow is 28.05 million shares, indicating strong investor interest. As the company continues to address valuation concerns and capitalize on its strengths, it remains well-positioned for growth in the competitive cloud computing market.