ServiceNow price target lowered to $1,050 from $1,150 at Mizuho

Mizuho lowered the firm’s price target on ServiceNow (NOW) to $1,050 from $1,150 and keeps an Outperform rating on the shares. The firm adjusted targets in the software group as part of its 2026 outlook. The most important trends benefiting software vendors going forward are artificial intelligence, data modernization, DevOps, next-generation security, and electronic design automation, the analyst tells investors in a research note. Mizuho believes the low-teens median revenue growth forecast for 2026 “looks beatable,” creating attractive risk/rewards into next year.