ServiceNow (NYSE: NOW) Stock Analysis: Bullish Analyst Targets Amid Market Volatility
- Strong analyst confidence: Cantor Fitzgerald, Guggenheim, Morgan Stanley, and BTIG Research have issued bullish views or raised price targets for ServiceNow, supporting a positive long-term outlook.
- Recent market pressure: Despite positive analyst sentiment, ServiceNow shares have recently declined, showing short-term volatility.
- Positive earnings expectations: Zacks projects year-over-year growth in both EPS and revenue for the upcoming quarter.
ServiceNow (NYSE: NOW) is a leading enterprise software company that provides cloud-based and AI-powered workflow automation tools. The company helps organizations connect AI, data, and workflows on one platform, according to ServiceNow. With a market capitalization of approximately $140.1 billion, ServiceNow remains a major player in the digital transformation and enterprise automation market.
On September 21, 2026, Cantor Fitzgerald analyst Thomas Blakey raised the price target for ServiceNow to $174 from $141. With the stock trading around $135.47, the new target implies potential upside of about 28.4%. This suggests a positive view of the company's long-term growth prospects.
Other firms have also shown confidence in ServiceNow. Guggenheim upgraded the stock from “neutral” to “buy,” Morgan Stanley issued a $180 price objective, and BTIG Research raised its target price from $150 to $170. Together, these updates point to a generally bullish analyst consensus.
However, the stock has faced recent pressure. Shares recently fell about 2.4%, trading near $135.21. A bearish technical signal near the 320-day moving average has also raised short-term caution. This type of signal should be treated as a trading indicator, not a change in the company's fundamentals.
Investors are now focused on ServiceNow's upcoming earnings release. Zacks expects EPS of $1.03, up 7.29% year over year, and revenue of about $4.1 billion, up 20.27%. If delivered, those results would show that ServiceNow continues to grow despite recent stock volatility.
