TD Cowen raises target for ServiceNow stock to USD 165

Published on 10/16/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ServiceNow stock costs EUR 132.83 on October 16, 2026. Third-quarter results are due October 28 after Q2 revenue of USD 3.99 billion.

Target and earnings timetable

TD Cowen raised its ServiceNow target from USD 140 to USD 165 on October 15, 2026.
ServiceNow reported USD 3.99 billion in revenue for the second quarter of 2026.
ServiceNow stock was trading at EUR 132.83 at 10:33 a.m. CEST at Lang & Schwarz on October 16, 2026.

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ServiceNow (ISIN US81762P1021) was trading at EUR 132.83 at Lang & Schwarz on October 16, 2026 at 10:33 a.m. CEST. According to Yahoo Finance on October 15, 2026, TD Cowen raised its price target from USD 140 to USD 165 and kept a Buy rating.

TD Cowen lifts target

The target change puts the next quarterly update at the center of the stock story. TD Cowen analyst Derrick Wood cited ServiceNow's security position, IT Service Management upgrades and cross-selling opportunities, while expecting a stronger contribution from Armis and the U.S. federal government, according to Investing.com on October 15, 2026.

Three dates frame the setup

On July 23, 2026, ServiceNow's second-quarter results showed revenue of USD 3.99 billion, up 24.00 percent year over year, while net income was USD 298.0 million, according to Simply Wall St. On October 7, 2026, ServiceNow announced that its third-quarter report would cover the period ended September 30, 2026.

On October 15, 2026, TD Cowen's target moved from USD 140 to USD 165. That sequence links the latest valuation change to a measurable operating base rather than to a bare software-sector narrative.

What does October 28 test?

ServiceNow is scheduled to release third-quarter results after the market close on October 28, 2026, according to Business Wire. Market estimates cited by MarketBeat put third-quarter revenue at USD 4.09 billion and earnings per share at USD 1.02.

The report will give investors a direct test of whether the second-quarter revenue base of USD 3.99 billion can support the higher expectations embedded in TD Cowen's USD 165 target. The timing also makes contract growth, security demand and federal business important indicators for the next valuation step.

Stock price stays in focus

ServiceNow's primary listing is on the NYSE under ticker NOW. Its platform combines workflow automation, artificial intelligence and governance tools for enterprise customers, while the company says more than 100 billion workflows run on its platform each year.

ServiceNow stock was trading at EUR 132.83 at Lang & Schwarz on October 16, 2026 at 10:33 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.