ServiceNow's stock has fallen nearly 20% over the past year amid fears that AI could disrupt its software business. However, Bernstein analyst Peter Weed sees a major opportunity, projecting a 70% upside based on ServiceNow's growing AI revenue, which recently surpassed $1 billion in annual contract value. The company reported strong quarterly results with 24% revenue growth and aims for $30 billion in subscription revenue by 2030, with AI driving 30% of that. While most analysts are more cautious, Weed's bullish outlook highlights the potential for ServiceNow to capitalize on AI-driven workflow automation in IT, HR, and customer service sectors.
As of Oct 20, 2026 22:02 WIB, ServiceNow (NOW) trades at USD 148.73 on Pluang with a 1-day gain of 2.32%. Despite a nearly 20% drop over the past year, the stock shows active trading with a volume of 9,549,048 and a market cap of $150.28 billion. Pluang users currently lean towards selling, with 75% of order activity in that direction. The typical hold time on Pluang is 55 days, reflecting moderate-term investor interest.
Analysts Bernstein and TD Cowen have raised their price targets for ServiceNow, citing increased adoption of the company's AI-native products and strong growth prospects. Bernstein raised its target to $266, highlighting that about 50% of customers a...
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Shares of Palantir, ServiceNow, and Salesforce dropped 4-5% amid investor worries about how AI infrastructure spending is financed. These companies, which sell AI-enhanced software on subscription models, are affected as doubts grow about the sustain...
ServiceNow's AI segment has surpassed $1 billion in annual contract value, driving a 24% revenue increase and prompting a raised subscription revenue forecast of up to $15.78 billion for the year. Despite strong quarterly results beating revenue and ...
