ServiceNow stock gained 1.27 percent after Stifel raised its target

Published on 10/06/2026 at 13:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ServiceNow stock drew a USD 160 target from Stifel on October 5, 2026, up from USD 120. Q2 subscription revenue reached USD 3.877 billion, up 24.5 percent year over year.

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) was last at USD 136.08 on the NYSE on October 5, 2026, after gaining 1.27 percent in the session. On that date, Investing.com reported that Stifel raised its ServiceNow target from USD 120 to USD 160 while maintaining a Buy rating.

Stifel sees stronger deal activity

Stifel cited checks with system integrators that pointed to a quarter-over-quarter improvement in enterprise spending, large deal activity and renewal expansion. The firm also highlighted adoption of advanced products, while customer confusion around AI product pricing remained a counter-factor, according to Investing.com on October 5, 2026.

The same report said ServiceNow's current remaining performance obligations grew 22 percent year over year in constant currency in the third quarter, compared with guidance of roughly 20 percent. Stifel also pointed to a possible U.K. public-sector win that could offset pressure from a Veterans Affairs contract renewal.

Q2 revenue grew 24.5 percent

ServiceNow's latest reported quarter ended June 30, 2026. Its subscription revenue reached USD 3.877 billion, up 24.5 percent year over year, while total revenue reached USD 3.987 billion, up 24 percent, according to Ticker Scout.

Current remaining performance obligations totaled USD 13.20 billion, up 21 percent. ServiceNow raised its full-year 2026 subscription revenue guidance to USD 15.760 billion to USD 15.780 billion and set third-quarter subscription revenue guidance at USD 3.975 billion to USD 3.980 billion, the filing summary said.

Consensus target stays above the stock

MarketBeat lists a Moderate Buy consensus from 42 analysts, comprising 1 Strong Buy, 36 Buy, 3 Hold and 2 Sell ratings, with an average price target of USD 147.00. The target lies 8.0 percent above the USD 136.08 reference price.

That valuation gap leaves the next quarterly report as an important test of whether AI demand is translating into sustained enterprise spending. ServiceNow's next earnings date is October 28, 2026, according to Investing.com.

Stock remains below its yearly high

ServiceNow stock was last at USD 136.08 on the NYSE on October 5, 2026, with a daily range of USD 134.15 to USD 137.90. Its market capitalization was USD 140.7 billion and trading volume was 7,099,373 shares.