What Does Wall Street Think About ServiceNow (NOW)?

ServiceNow, Inc. (NYSE:NOW) is one of the best long term growth stocks to buy according to hedge funds. On January 9, Stifel cut the price target on ServiceNow, Inc. (NYSE:NOW) to $200 from $230 while maintaining a Buy rating on the shares. In a note titled  “4Q Should Be Fine; But Not Expecting Great”, the firm stated that the tone of its system integrator checks down-ticked modestly quarter-over-quarter. However, it believes that management would likely take a conservative stance to start the year in terms of Q1 organic cRPO guidance, in keeping with historical trends.

In addition to Stifel, Wells Fargo also cut the price target on ServiceNow, Inc. (NYSE:NOW) to $225 from $255 on January 8 and maintained an Overweight rating on the shares. The firm told investors that it believes AI to still be “the name of the 2026 game”, and sees three primary ways to play: incumbents, innovation, and infrastructure. It contended that while adoption may be uneven, secular trends are likely to ultimately drive 2026 performance.

The rating updates came after ServiceNow, Inc. (NYSE:NOW) announced on January 7 that it will release financial results for fiscal Q4 and the full-year ended December 31 after the close of market on January 28.

ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML.

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.