What Does Wall Street Think About ServiceNow (NOW) Stock?

ServiceNow, Inc. (NYSE:NOW) is one of the Stocks That Will Make You Rich In 5 Years. Wall Street remains bullish on the stock, and analysts’ 12-month average price target of $1,175 implies a 35.89% upside from current levels. Several analysts have given bullish ratings on ServiceNow, Inc. (NYSE:NOW) after the company posted strong results for the fiscal second quarter of 2025, topping revenue and EPS estimates by $91.34 million and $0.52, respectively.

On August 4, Citizens JMP analyst Patrick Walravens reiterated a Buy rating on ServiceNow, Inc. (NYSE:NOW) with a price target of $1,300. More recently, on August 25, Brad Reback from Stifel Nicolaus also maintained a Buy rating on the stock, reiterating his price target of $1,200.

Looking ahead, ServiceNow, Inc. (NYSE:NOW) expects third quarter 2025 subscription revenue in the range of $3,260 million to $3,265 million, reflecting 20% to 20.5% year-over-year growth. Management noted that the company has a larger-than-usual group of customers scheduled to renew contracts in Q4 2025. Because of this, Q3 2025 is anticipated to see about a 2-point headwind on Current Remaining Performance Obligations (cRPO) growth as those existing contracts wind down. Therefore, management expects Q3 2025 cRPO to grow 18.5% year-over-year and expects the contracts to renew in Q4 2025, easing the headwind effect.

ServiceNow, Inc. (NYSE:NOW) is a technology company that provides a cloud-based AI platform called the Now Platform that helps businesses automate and digitize workflows.

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Disclosure: None. This article is originally published at Insider Monkey.