ServiceNow stock draws higher targets after Q2 growth
Published on 09/28/2026 at 11:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ServiceNow stock (ISIN US81762P1021) was trading at USD 135.50 on the NYSE on September 25, 2026, down 1.57 percent from the prior close. The latest analyst revisions put the company’s AI-led growth story against a valuation that still demands execution.
Deutsche Bank raises its target
According to MarketBeat on September 24, 2026, Deutsche Bank lifted its ServiceNow target to USD 155.00 from USD 135.00 and retained a Buy rating. The revision followed a quarterly performance that exceeded consensus on both revenue and adjusted earnings per share.
A second upgrade came from Cantor Fitzgerald on September 21, 2026. MarketBeat reported that the firm raised its target to USD 174.00 from USD 141.00 while maintaining an Overweight rating. The two revisions give investors a concrete measure of how analyst expectations have changed during September.
Q2 revenue reached USD 3.99 billion
ServiceNow’s Q2 fiscal 2026 revenue reached USD 3.99 billion, up 24.0 percent from the prior-year quarter, while non-GAAP earnings per share came to USD 0.90 against a USD 0.86 consensus estimate, according to TradingView in its Q2 fiscal 2026 results coverage. Subscription revenue was USD 3.88 billion, up 24.5 percent year over year, and current remaining performance obligations rose 21.0 percent to USD 13.20 billion.
The company also raised its fiscal 2026 subscription revenue outlook to USD 15.76 billion-15.78 billion. The forecast included an expected 31.5 percent operating margin and 35.0 percent free cash flow margin, making execution against the outlook a central test for the stock.
Stock remains below its yearly high
On September 25, 2026, ServiceNow stock traded between USD 135.50 and USD 139.83, with volume of 8,239,646 shares. Its 52-week range was USD 81.24 to USD 192.97, while market capitalization stood at USD 140.2 billion on the same date.
ServiceNow provides cloud-based workflow and automation software across information technology, customer service, human resources and security operations, as described on the company’s ServiceNow platform page. For investors, the key comparison is now clear: quarterly revenue growth remained above 24.0 percent, while the share price was 29.8 percent below its 52-week high of USD 192.97.
Targets rise while the stock trades lower
ServiceNow stock was trading at USD 135.50 on the NYSE on September 25, 2026. The combination of higher analyst targets, USD 3.99 billion in quarterly revenue and a 1.57 percent daily decline leaves the market focused on whether AI demand can support the raised fiscal 2026 outlook.
ServiceNow stock facts
- Company: ServiceNow, Inc.
- ISIN: US81762P1021
- Ticker: NOW
- Trading venue: NYSE
- Price (as of September 25, 2026): USD 135.50
- Market capitalization: USD 140.2 billion (as of September 25, 2026)
- 52-week range: USD 81.24-192.97 (as of September 25, 2026)
- Sector / Industry: Technology / Software - Application
