ServiceNow stock gains after analysts lift price targets
Published on 09/14/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ServiceNow stock (ISIN US81762P1021) moved higher on September 14, 2026 after several analysts raised their price targets in response to strong second quarter 2026 results and ongoing artificial intelligence growth, with Needham lifting its target to USD 155 per share.
Analyst upgrades drive ServiceNow move
According to TS2 on September 14, 2026, Needham raised its ServiceNow price target from USD 115 to USD 155 and reiterated a Buy rating, implying roughly 17 percent upside versus a prior close of USD 132.53.
As Sina Finance reported on September 14, 2026, BMO Capital lifted its ServiceNow target from USD 118 to USD 150 with an Outperform rating, while BTIG analyst Allan Verkhovski maintained a Buy rating and raised his target from USD 150 to USD 170.
According to MarketBeat on September 14, 2026, the average 12-month price target for ServiceNow stands at USD 145.71 with a consensus rating of Moderate Buy, highlighting broad positive sentiment despite the recent rally.
Second quarter 2026 figures show double-digit growth
As MarketBeat summarized on September 14, 2026, ServiceNow reported earnings per share of USD 0.90 for its second quarter 2026, beating the consensus estimate of USD 0.86 by USD 0.04.
In the same quarter, revenue reached USD 3.99 billion, compared with analyst expectations of USD 3.93 billion and up 24 percent from the prior-year quarter, underlining the strength of the company’s subscription and platform business.
According to Blockonomi on September 14, 2026, the average 12-month objective across analysts is around USD 148.81, noticeably above current trading levels and reflecting expectations that double-digit growth can continue.
Stock performance and valuation context
According to Ad-hoc corporate news on September 14, 2026, ServiceNow stock closed at USD 132.49 on the NYSE on September 11, 2026, up 1.01 percent on the day, with an intraday range between USD 130.39 and USD 134.45 and trading volume of 10.70 million shares.
As 24/7 Wall St reported on September 14, 2026, ServiceNow shares traded around USD 139.62 in early trading, about 5 percent above the September 11, 2026 close, as software names outperformed amid broader pressure on other artificial intelligence plays.
Per Pomegra on September 14, 2026, ServiceNow’s market capitalization was about USD 137 billion and revenue growth stood at roughly 22 percent, placing the company among the larger high-growth enterprise software providers.
Risks and competitive landscape
The upbeat analyst revisions are not without caveats. According to TS2, Needham highlighted committed remaining performance obligations (cRPO) as a harder test for ServiceNow’s growth story, noting that investors will watch whether backlog and new deals keep pace with the current valuation.
As 24/7 Wall St pointed out on September 14, 2026, ServiceNow’s move came as software names sidestepped a broader AI-related selloff, underlining that sentiment around artificial intelligence exposure can be volatile and may influence the stock beyond company-specific fundamentals.
In addition, the consensus valuation metrics cited by MarketBeat show a price-to-earnings ratio above 80 and a P/E-to-growth ratio around 2.4, indicating that investors are paying a premium for expected expansion and leaving limited room for disappointment if growth slows.
ServiceNow stock price as of last close
ServiceNow stock last closed at USD 132.49 on the NYSE on September 11, 2026, with the subsequent early trading around USD 139.62 on September 14, 2026 suggesting a gain of roughly 5 percent as investors reacted to the upgraded analyst targets and the recent earnings beat.
ServiceNow stock key data
- Company: ServiceNow Inc.
- ISIN: US81762P1021
- Ticker: NOW
- Trading venue: NYSE
- Price (as of September 11, 2026): 132.49 USD
- Market capitalization: 137,000,000,000 USD (as of September 14, 2026)
- Sector / Industry: Information Technology / Software
- Index membership: S&P 500
