Deutsche Bank raises target for ServiceNow stock

Published on 10/05/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Subscription revenue rose 24.50 percent in Q2 2026. ServiceNow stock costs EUR 120.00 on October 5, 2026 after EUR 119.60, plus 0.33 percent.

Analyst betrachtet nachts IT-Ticket-Dashboard mit Kanban-Spalten auf großem gebogenem Monitor — ServiceNow Inc. (US81762P1021) zeigt ein IT-Ticket-Dashboard auf einem großen Monitor im nächtlichen Büro, Illustration mit AI erstellt.

ServiceNow (ISIN US81762P1021) was trading at EUR 120.00 at Lang & Schwarz on October 5, 2026 at 10:41 a.m. CEST, plus 0.33 percent versus the prior close of EUR 119.60. As Yahoo Finance reported on October 1, 2026, Deutsche Bank raised its ServiceNow price target to USD 155.00 from USD 135.00 while maintaining a Buy rating. The target change puts analyst attention on execution rather than on a large same-day move in the euro quotation.

Analyst targets rise after results

Yahoo Finance also reported that Cantor Fitzgerald lifted its target to USD 174.00 and Needham moved its target to USD 155.00, with both firms maintaining positive ratings. Those targets are stated in US dollars and therefore remain separate from the EUR 120.00 Lang & Schwarz reference price.

The wider target range reflects a market weighing ServiceNow's enterprise software growth against valuation. MarketBeat cited a consensus Moderate Buy rating and an average target of USD 147.00 on October 2, 2026.

Q2 revenue grew 24.00 percent

ServiceNow's second-quarter 2026 revenue reached USD 3.99 billion, up 24.00 percent from the same quarter a year earlier and above the USD 3.93 billion consensus estimate, according to MarketBeat. The comparison gives the stock's current valuation a fundamental reference point, while the reported quarter remains the latest completed reporting period.

Yahoo Finance reported second-quarter 2026 subscription revenue of USD 3.877 billion, up 24.50 percent year over year. The company also raised its full-year 2026 subscription revenue guidance to USD 15.76 billion to USD 15.78 billion, keeping recurring revenue growth at the center of the investment case.

Next results date is October 27

Investing.com lists October 27, 2026 as ServiceNow's next earnings date. The event gives investors a defined checkpoint for testing the USD 15.76 billion to USD 15.78 billion subscription revenue outlook against new operating results.

Euro quotation holds above prior close

At Lang & Schwarz, ServiceNow stock was trading at EUR 120.00 on October 5, 2026 at 10:41 a.m. CEST, plus 0.33 percent versus the EUR 119.60 prior close dated October 2, 2026. On the NYSE, the latest finance quotation was USD 134.38 on October 2, 2026 at 4:00 p.m. ET, with a market capitalization of USD 138.9 billion and a 52-week range of USD 81.24 to USD 192.97. The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.