Citi raises target to USD 170 for ServiceNow stock before results

Published on 10/15/2026 at 10:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ServiceNow stock costs EUR 124.40 on October 15, 2026. Third-quarter results follow on October 28 after USD 3.99 billion Q2 revenue.

Results and revenue context

Citi lifted its ServiceNow target to USD 170.00 on October 14, 2026.
ServiceNow reported USD 3.99 billion of second-quarter revenue, up 24.00 percent on July 22, 2026.
ServiceNow stock was trading at EUR 124.40 at 10:44 a.m. CEST at Lang & Schwarz on October 15, 2026.

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ServiceNow (ISIN US81762P1021) was trading at EUR 124.40 at Lang & Schwarz on October 15, 2026 at 10:44 a.m. CEST. Investing.com reported on October 14, 2026 that Citi raised its ServiceNow price target from USD 154.00 to USD 170.00 while maintaining a Buy rating.

Citi raises its target before results

Citi's revised target reflects greater confidence ahead of ServiceNow's third-quarter report, according to Investing.com. The report said Citi had modestly increased its expectations for contracted remaining performance obligations and highlighted improving demand around artificial intelligence products and federal business.

The target move is notable against the company's latest reported operating base. ServiceNow generated USD 3.99 billion in revenue in the second quarter of 2026, up 24.00 percent from the same quarter a year earlier, according to TranscriptDaily.

Three dated signals for ServiceNow

On July 22, 2026, ServiceNow's second-quarter revenue was reported at USD 3.99 billion, compared with a consensus estimate of USD 3.93 billion, while earnings per share came in at USD 0.90 versus USD 0.86 expected, according to TranscriptDaily. On October 1, 2026, the company introduced Flow, an artificial intelligence service desk designed for rapid deployment. On October 14, 2026, Citi raised its target from USD 154.00 to USD 170.00.

What comes next for revenue

ServiceNow will announce third-quarter results for the period ended September 30, 2026, after the market closes on October 28, 2026, according to Business Wire. The conference call is scheduled for 2:00 p.m. Pacific Daylight Time on the same date. The key test is whether subscription growth and contracted remaining performance obligations support Citi's higher valuation view.

Stock price before the report

ServiceNow's euro quotation places the stock below the USD 170.00 analyst target on a currency basis, so the comparison is directional rather than a precise return calculation. The October 28 report will provide the next hard test for demand, margins and artificial intelligence adoption. ServiceNow was trading at EUR 124.40 at Lang & Schwarz on October 15, 2026 at 10:44 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.