ServiceNow has shed a quarter of its value while software stocks bleed out across the sector, yet one Wall Street analyst just slapped an outlier target on it that implies an 82% surge from here.
ServiceNow just crossed $1 billion in AI contract value while its stock sits near a multi-year low, and Wall Street's consensus price target barely scratches the surface of what our model projects for 2028.
ServiceNow is rated a 'Strong Buy' due to its pivotal role in enterprise AI adoption and deeply embedded workflow platform. NOW's hybrid seat- and consumption-based pricing, especially AI-driven 'assist packs,' is fueling rapid annual contract value growth, with AI ACV expected to reach $1.5B by year-end. Management projects AI to comprise ~30% of total ACV by 2030, driving subscription revenues to $30–32B and supporting high free cash flow margins.
ServiceNow (NOW) closed the most recent trading day at $137.76, moving +2.8% from the previous trading session.
Enterprise software is leading a rebound across technology stocks, and shares of ServiceNow (NYSE:NOW | NOW Price Prediction) sit at the front of the group. ServiceNow stock is up 4% to $139.
Deutsche Bank analysts just shared their top stock picks in the tech sector for the remainder of the year.
The software group is being repriced. An enterprise software launch from Meta Platforms (NASDAQ:META | META Price Prediction) is behind the move, and the company behind the announcement is falling alongside the vendors it could challenge.
The Department of Justice urged a federal judge not to block President Donald Trump's total ban of three news outlets from the White House. The DOJ, in a new court filing, said Trump was motivated by concerns about national security in his decision Friday to summarily ban MS NOW, CNN, and Politico.
MS NOW, CNN, and Politico are set to sue President Donald Trump, seeking to overturn his ban on those three media outlets from the White House. Journalists from the three outlets were barred from entering the White House on Saturday after Trump's declaration on Friday.
The market frequently misprices the gap between what a company is actually building and what investors think it's building. Nowhere is that gap wider right now than in agentic artificial intelligence (AI).
In the most recent trading session, ServiceNow (NOW) closed at $135.47, indicating a -2.17% shift from the previous trading day.
President Donald Trump said he is banning MS NOW, CNN and Politico from the White House over their coverage of him. In this article VSNT