ServiceNow stock trades 28.15 percent below its 52-week high

Published on 09/25/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

On September 21, 2026, Cantor Fitzgerald lifted the target from USD 141.00 to USD 174.00. Q2 subscription revenue reached USD 3.877 billion, up 23 percent year over year in constant currency.

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) was trading at USD 138.65 on the NYSE at 9:54 a.m. ET on September 25, 2026, up 0.63 percent from the USD 137.78 prior close and 28.15 percent below its 52-week high of USD 192.97. The latest analyst action adds a concrete valuation reference to a share price still well below its yearly peak.

Cantor raises its target

According to MarketBeat on September 21, 2026, Cantor Fitzgerald raised its ServiceNow price target from USD 141.00 to USD 174.00 and maintained an Overweight rating. The same report lists a Moderate Buy consensus, with 36 Buy ratings, 3 Hold ratings and 2 Sell ratings among 42 brokerages.

The target revision came as analysts assessed ServiceNow's enterprise software and AI positioning. MarketBeat also reported an average 12-month target of USD 146.51, placing the consensus below Cantor Fitzgerald's USD 174.00 objective.

Q2 growth meets AI execution

ServiceNow reported Q2 2026 revenue of USD 3.987 billion, up from USD 3.215 billion a year earlier, while net income was USD 298 million versus USD 385 million, according to StockTitan. The revenue increase was 24.0 percent, but operating income declined to USD 162 million from USD 358 million as sales, research and development, and acquisition-related expenses increased.

In the Q2 2026 earnings call dated July 22, 2026, Fortune reported subscription revenue of USD 3.877 billion, up 23 percent year over year in constant currency. Non-GAAP operating margin reached 29.5 percent, 300 basis points above guidance, while ServiceNow AI annual contract value exceeded USD 1 billion in the quarter.

Guidance sets the next test

Management's full-year 2026 subscription revenue guidance was USD 15.755 billion to USD 15.770 billion, with 21 percent constant-currency growth, according to Fortune's July 22, 2026 transcript. The Q3 subscription revenue range was USD 3.975 billion to USD 3.980 billion, setting a specific checkpoint for whether AI demand converts into sustained growth.

For investors, the central tension is visible in the numbers: ServiceNow is expanding revenue at 24.0 percent year over year, while Q2 operating income fell from USD 358 million to USD 162 million. The USD 174.00 Cantor target therefore puts valuation and margin delivery alongside AI adoption at the center of the stock debate.

Stock remains below its yearly high

ServiceNow stock had a 52-week range of USD 81.24 to USD 192.97 on September 25, 2026, with market capitalization of USD 143,339,796,990 and volume of 1,031,722 shares at 9:54 a.m. ET. The next earnings date listed for October 28, 2026, is reported by Investing.com.