ServiceNow, Inc. (NOW) Attracts Attention Following Mixed Analyst Actions

ServiceNow, Inc. (NYSE:NOW) is one of the stocks with huge growth potential, according to the media. On January 23, Cantor Fitzgerald reiterated an Overweight rating on ServiceNow, Inc. (NYSE:NOW) but cut the price target to $200 from $240.

The price target cut is in response to multiple compressions across the software sector. Despite the cut, Cantor Fitzgerald believes the company faces limited downside risk . In a worst-case scenario, the research firm expects the stock to only drop by 12%.

On January 21, BMO Capital reiterated an Outperform rating and cut the price target to $175 from $230. Despite the cut, the firm expects modest Q4 upside for subscription revenue and performance obligations.

BMO Capital expects the company to provide guidance in line with the current FY26 consensus CC organic sub-rev growth rates. It also expects the upcoming financial report to alleviate concerns about the durability of growth.

ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that provides an AI-driven platform designed to automate enterprise workflows and manage digital infrastructure. It streamlines business processes across IT, employee services, and customer service, transforming manual tasks into automated, efficient workflows to increase productivity.

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