ServiceNow (NOW) Analysts at Cantor Fitzgerald Raise Target to $1,200 on Strong Q2 Setup

ServiceNow, Inc. (NYSE:NOW) is one of the Trending AI Stocks in Focus This Week. On July 16, Cantor Fitzgerald analyst Thomas Blakey raised the price target on the stock to $1,200.00 (from $1,048.00) while maintaining an “Overweight” rating.

In an investor note, the firm mentioned that it is positive on the shares heading into Q2 earnings. Partner commentary has revealed that there are “accelerating business trends” compared to the first quarter, which stands as a major factor behind the bullish rating.

Moreover, “de-risked management assumptions” in ServiceNow’s Federal business segment have also contributed to the firm’s positive view.

The research firm also pointed out that if there is an increased adoption of Pro Plus and Now Assist Consumption, it could lead to potential positive revenue revisions related to AI initiatives in 2026.

ServiceNow, Inc. (NYSE:NOW) is a technology company that offers a cloud-based software platform for automating business workflows within an enterprise.

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