Piper Sandler lifts ServiceNow target to USD 175: ServiceNow stock gains 1.03 percent

Published on 10/20/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Piper Sandler set USD 175.00 on October 19, 2026. ServiceNow stock costs EUR 129.98 on October 20, 2026, 1.03 percent above Xetra close.

AI governance and analyst reset

ServiceNow introduced AI Passport on October 15, 2026, with availability expected in the fourth quarter of 2026.
Piper Sandler lifted its ServiceNow target from USD 140.00 to USD 175.00 on October 19, 2026.
ServiceNow stock trades at EUR 129.98 at 11:11 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.03 percent above the Xetra close of October 19, 2026.

Editorialfoto von Börsenhändlern vor großen digitalen Kursanzeige-Bildschirmen an der Börse — ServiceNow Inc. (US81762P1021) wird im Börsen-Editorial mit Händlern vor Kursbildschirmen der Börse dargestellt, Illustration mit AI erstellt.

ServiceNow (ISIN US81762P1021) is trading at EUR 129.98 at Lang & Schwarz on October 20, 2026 at 11:11 a.m. CEST, up 1.03 percent versus the Xetra close of October 19, 2026 at EUR 128.65. The move follows Piper Sandler's target increase from USD 140.00 to USD 175.00 on October 19, 2026, as reported by MarketBeat.

AI Passport adds a governance angle

On October 15, 2026, ServiceNow introduced AI Passport and expanded its Super Intelligence Control Tower. The company said the product will verify the permissions of AI agents during workflows and provide audit records for their actions, according to ServiceNow.

The product is expected to become available in the fourth quarter of 2026. That timing gives the upcoming results release a second test beyond revenue growth: whether customers are converting AI interest into governed production workloads.

Three dates define the setup

ServiceNow announced third-quarter results for October 28, 2026, on October 7, 2026, and introduced AI Passport on October 15, 2026, according to ServiceNow. Piper Sandler then raised its target on October 19, 2026, from USD 140.00 to USD 175.00, according to MarketBeat.

What does the target change mean?

The valuation call arrives after ServiceNow reported USD 3.99 billion of revenue in the second quarter of 2026, up 24.00 percent from the prior-year quarter, while revenue exceeded the USD 3.93 billion consensus estimate, according to MarketBeat. The counterweight is execution: the October 28 release will show whether the company can sustain that pace while expanding AI governance products.

Results are due October 28

ServiceNow's next reporting date is October 28, 2026, after the market close, according to its investor-relations announcement. The company is expected to address third-quarter revenue, remaining performance obligations and the commercial rollout of its AI products.

Stock gains ahead of results

ServiceNow stock was trading at EUR 129.98 at Lang & Schwarz on October 20, 2026 at 11:11 a.m. CEST, 1.03 percent above the Xetra close of October 19, 2026 at EUR 128.65. The primary listing is on the NYSE, where the stock was last quoted at USD 145.36 on October 19, 2026 at 4:00 p.m. ET.

The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.