ServiceNow (NOW) Stock in Focus as Oppenheimer Reaffirms $1,150 Target

ServiceNow, Inc. (NYSE:NOW) is one of the Trending AI Stocks on Wall Street. On October 9, Oppenheimer analyst Brian Schwartz reiterated an Outperform rating on the stock with a $1,150.00 price target.

Conversations with a large ServiceNow partner have shed light on current business conditions and trends affecting the company’s fundamentals through year-end and into 2026, leading to the firm’s assessment.

According to the firm, the partner experienced strong business activity and pipeline momentum in the third quarter. This is a reflection of robust operational performance for ServiceNow.

It did acknowledge how ServiceNow’s customer relationship management (CRM) traction remains slow against Salesforce, but noted how the former is building momentum by migrating logic, workflows, and AI automation onto its platform.

Oppenheimer also observed that even though robust artificial intelligence demand is starting to slow down, the company continues to maintain strong AI positioning and pricing. It further concluded that it is “well positioned for durable growth” as a leading enterprise integration engine.

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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Disclosure: None.