Piper Sandler Lowers PT on ServiceNow (NOW) Stock

ServiceNow, Inc. (NYSE:NOW) is one of the Oversold Fundamentally Strong Stocks to Buy Right Now. On January 5, Piper Sandler analyst Rob Owens reduced the firm’s price objective on the company’s stock to $200 from $230, while keeping an “Overweight” rating. As per the firm, 2025 was a difficult year for Security & Infrastructure Software coverage. Notably, the firm remains cautiously optimistic for a better year in 2026, and it believes that several names are entering the year at interesting valuation levels.

In a different update, on December 24, Citi maintained a “Buy” rating on ServiceNow, Inc. (NYSE:NOW)’s stock with a price objective of $250.60. As per the analyst, the firm likes the industrial logic of the company’s acquisition of Armis. The analyst believes that the deal adds predictive security features to ServiceNow, Inc. (NYSE:NOW)’s AI Control Tower offering. However, Citi added that the deal is not transformative, despite this deal being the company’s largest ever.

ServiceNow, Inc. (NYSE:NOW) offers a cloud-based solution for digital workflows.

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. This article is originally published at Insider Monkey.