ServiceNow (NOW) Stock Pullback May Be Temporary, Analyst Remains Confident

ServiceNow, Inc. (NYSE:NOW) is one of the AI Stocks on Analysts’ Radar Right Now. On July 21, Cantor Fitzgerald analyst Thomas Blakey reiterated an Overweight rating on the stock with a $1,200.00 price target. The rating affirmation came ahead of the company’s earnings report on July 23rd, 2025.

According to the firm, it had viewed ServiceNow’s shares positively earlier this week based on favorable checks. However, the shares may be subject to short selling activity following the recent outperformance. The firm believes that this is likely to be a short-term move instead of a reflection of valuation concerns.

Upcoming earnings report is anticipated to serve ServiceNow positively, reflecting mitigated risks in the federal sector. Moreover, the company’s “Now Assist starter packs” is likely to drive more Pro Plus upgrades and adoption, which will drive positive momentum for the company.

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

While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.