BTIG Maintains Buy on ServiceNow, Raises Price Target to $170

ServiceNow Jumps 25% in 3 Months: Buy, Sell or Hold the Stock?

ServiceNow's AI business surpassed $1B in ACV in Q2 2026 with 40%+ sequential growth, and subscription revenues rose 24.5% to $3.88B. However, intensifying competition from Microsoft, Oracle, and Salesforce in enterprise AI and workflow automation, combined with margin pressure from acquisitions and a premium valuation (8X forward P/S), has led to a Zacks Rank #4 (Sell) rating.

Robinhood To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Tuesday

Analysts raised targets for NOW, HOOD, MSTR, ABNB and CLYM, while cutting APP and IONS; ratings largely remain positive.

Shares of software companies are trading lower after August's hotter-than-expected payrolls report increased expectations that the Federal Reserve could raise interest rates at its next meeting. A stronger U.S. dollar and higher rate expectations are weighing on growth stocks by reducing investor appetite for higher-risk assets.