ServiceNow denies Decagon deal interest as Jefferies reiterates Buy for ServiceNow stock

Published on 10/14/2026 at 12:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ServiceNow stock is quoted at EUR 125.03 on October 14, 2026. Third-quarter results are due October 28, 2026.

Acquisition strategy and quarterly growth

ServiceNow denied Decagon acquisition interest in a statement dated October 13, 2026.
Second-quarter 2026 total revenue reached USD 3.99 billion, up 24.00 percent year over year.
ServiceNow stock traded at EUR 125.03 at 12:46 p.m. CEST at Lang & Schwarz on October 14, 2026.

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 stock (ISIN US81762P1021) traded at EUR 125.03 at Lang & Schwarz on October 14, 2026. In a statement dated October 13, 2026, ServiceNow denied any interest or intention to purchase Decagon, while Stocktwits reported that Jefferies reiterated a Buy rating and a USD 140.00 price target.

Three events frame the strategy

In December 2025, ServiceNow agreed to acquire Armis for USD 7.75 billion in cash, according to Stocktwits. On July 22, 2026, ServiceNow reported second-quarter total revenue of USD 3.99 billion, up 24.00 percent year over year.

On October 13, 2026, the company denied the Decagon interest and said it remains an organic-growth company first. The statement came after more than USD 11.00 billion in acquisitions since 2025, according to Stocktwits.

What does the denial change for growth?

The immediate message is strategic discipline, but the operating test remains growth after federal demand pulled some subscription revenue forward from the third quarter into the second. ServiceNow reported second-quarter subscription revenue of USD 3.88 billion, up 24.50 percent year over year, and current remaining performance obligations of USD 13.20 billion, up 21.00 percent, in the July 22, 2026 release.

The same release set third-quarter subscription revenue guidance at USD 3.98 billion to USD 3.98 billion, with 20.50 percent year-over-year growth and a 31.00 percent non-GAAP operating margin. Full-year 2026 subscription revenue guidance was USD 15.76 billion to USD 15.78 billion, representing 22.50 percent growth.

Results arrive October 28, 2026

Stocktwits reported that ServiceNow is scheduled to release third-quarter results on October 28, 2026. The report cited expectations for revenue of USD 4.09 billion and adjusted profit of USD 1.02 per share, giving the next update a clear test of whether the second-quarter pull-forward changed the growth path.

ServiceNow stock stays tied to execution

ServiceNow stock traded at EUR 125.03 at Lang & Schwarz on October 14, 2026 at 12:46 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.