ServiceNow Draws Fresh Buy Ratings on AI Momentum Ahead of Jan. 28 Earnings
The Jan. 28 earnings release will test channel‑check optimism across pipelines, consumption revenue, AI impact.
Overview
- Citi put ServiceNow on an upside 30‑day catalyst watch and reiterated a Buy with a $250.60 target, citing a strong quarter‑end close, healthier 2026 pipeline and early contributions from AI and consumption models.
- Goldman Sachs assumed coverage with a Buy rating and a $205 target, pointing to a larger total addressable market as enterprise AI adoption expands.
- Evercore ISI reaffirmed Buy with a $225 target, and Oppenheimer maintained Buy at $200, reinforcing broad sell‑side confidence ahead of results.
- Stifel kept a Buy but cut its target to $200 and flagged potential near‑term pressure from U.S. federal seat reductions tied to the Deferred Resignation Program, citing about a $15 million cut on a Treasury contract.
- Caution persists on valuation and recent share weakness, with Jim Cramer declining to call a bottom after the stock hit a one‑year low.