ServiceNow (NOW) Stock Outlook Steady as UBS Retains Buy Rating

ServiceNow, Inc. (NYSE:NOW) ranks among the stocks with the best earnings growth for the next 5 years.  UBS retained its Buy rating on ServiceNow, Inc. (NYSE:NOW) on October 14 ahead of the company’s third-quarter earnings report, though it decreased its price target from $1,100 to $1,075.

The target adjustment follows UBS’s evaluation of ServiceNow’s progress in the third quarter of 2025 through discourse with customers and partners. The adoption of artificial intelligence, however, was deemed “somewhat disappointing,” according to UBS. Similar remarks have been made during the firm’s probes into other Software-as-a-Service (SaaS) providers.

According to UBS, the SaaS and apps industry is already experiencing cautious sentiment, calling it “perhaps the worst in years.”

ServiceNow, Inc. (NYSE:NOW) is an American software and technology company. It provides an AI platform that helps organizations digitize, automate, and manage workflows for enterprise operations.

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