Analyst Samad Samana from Jefferies maintained a Buy rating on ServiceNow (NOW – Research Report) and keeping the price target at $1,025.00.
Samad Samana has given his Buy rating due to a combination of factors that highlight ServiceNow’s strategic positioning and growth potential. The company’s focus on AI and its integration into their product offerings is a significant driver, as evidenced by the emphasis on AI-related topics at their Knowledge conference. This indicates a strong commitment to innovation and adapting to market trends, which is likely to attract and retain customers.
Additionally, ServiceNow’s management is expected to provide updates on long-term revenue targets, potentially extending beyond FY26, which could reassure investors about the company’s growth trajectory. The integration of Moveworks and the expansion into CRM suggest a broader strategic vision that could open new revenue streams. These factors, combined with solid first-quarter results, underpin Samana’s positive outlook on the stock.
In another report released on April 24, Bernstein also maintained a Buy rating on the stock with a $1,003.00 price target.
Based on the recent corporate insider activity of 163 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NOW in relation to earlier this year.