Analysts Cut ServiceNow (NOW) Price Targets But Stay Positive

Earlier, connected January 5, RBC Capital besides lowered its terms people connected ServiceNow, Inc. (NYSE:NOW) from $240 to $195 and maintained an Outperform rating. The steadfast believes that 2026 could beryllium a twelvemonth erstwhile the benefits of AI go much disposable for companies that are well-positioned for endeavor AI adoption. In definite areas, endeavor spending appears to beryllium stabilizing and improving. RBC Capital besides noted that GenAI is driving innovation, adjacent erstwhile absorption teams are inactive being blimpish erstwhile giving guidance successful aboriginal 2026.

Also connected January 5, Cantor Fitzgerald reaffirmed its Overweight standing connected ServiceNow, Inc. (NYSE:NOW) with a terms people of $240. The probe steadfast pointed retired that the company’s shares are trading conscionable supra a three-year debased based connected endeavor worth to estimated gross for calendar twelvemonth 2027. Cantor Fitzgerald besides noted that the company’s caller merger and acquisition enactment was not an effort to bargain growth, but alternatively it was to grow its full addressable market.

ServiceNow, Inc. (NYSE:NOW) is an American bundle and exertion company. It provides an AI level that helps organizations digitize, automate, and negociate workflows for endeavor operations.

While we admit the imaginable of NOW arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.