ServiceNow Stock (NOW) Rallies on Reiterated Bullish Analyst Coverage

ServiceNow (NOW) stock garnered bullish analyst coverage as Wall Street firms maintained optimistic outlooks on the enterprise cloud computing solutions company amid growing demand for AI-powered workflow automation and cloud services.

Analysts Remain Bullish on NOW Stock

Several analysts reiterated Buy ratings on ServiceNow stock this month, with many highlighting the company’s strong positioning in enterprise AI, automation software, and digital transformation services.

Bernstein analyst Peter Weed currently holds the Street-high price target on NOW stock at $236. Weed recently raised his price target from $226 while maintaining a Buy rating on the shares. That target implies a potential 157.16% upside for ServiceNow stock.

Additional analyst coverage of NOW stock included:

• Wells Fargo analyst Michael Turrin reiterated a Buy rating with a $160 price target, suggesting a possible 74.35% upside for the shares.
• Citi analyst Tyler Radke maintained a Buy rating and a $158 price target, implying a potential 72.17% upside.
• Goldman Sachs analyst Gabriela Borges also reiterated a Buy rating with a $163 price target, representing a possible 77.62% upside for NOW stock.

Analysts continue to point to ServiceNow’s expanding role in enterprise AI adoption as businesses increasingly invest in workflow automation, IT service management, and productivity software powered by artificial intelligence.

ServiceNow Stock Movement Today

ServiceNow stock was up slightly on Monday, but was still down 40.19% year-to-date. The stock has also fallen 55.11% over the past 12 months.

NOW stock trading activity today was limited, as some 10 million shares changed hands. This was lower than the company’s three-month average daily trading volume of about 18 million shares.

What Other Tech Stocks Are Analysts Bullish On?

ServiceNow isn’t the only technology stock drawing bullish analyst sentiment. Several other tech names currently carry some of the highest upside potential among top analyst consensus ratings in the sector.

Among them are:

• Pics N.V. Class A (PICS), which analysts believe offers 83.46% upside potential.
• Via Transportation (VIA), with analysts forecasting a possible 128.78% upside.
• Rubrik (RBRK), which carries a potential upside of 33.49%.
• Klaviyo (KVYO), with analysts seeing a 103.84% upside potential.
• Braze (BRZE), which analysts expect could rally 73.88%.