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investing.comOCT 122 min read$NOW

RBC raises ServiceNow stock price target on AI momentum

RBC Capital raised its price target on ServiceNow (NYSE:NOW) to $176 from $130, citing AI momentum and strong fundamentals. The stock trades at $142.88, below its Fair Value. Other analysts also raised targets, citing deal momentum and federal wins. ServiceNow reported 22% revenue growth and a 75% gross profit margin over the last year.

Original reporting
investing.com
Published Oct 12, 2026, 2:22 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 12, 2026, 2:48 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefFinancial news
Primary signal
$NOW
Bullish
high confidence
Mentioned
$NOW
Relevance
7/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$NOWBullishMed
01

Why it matters

The new target may trigger buying interest and short covering, especially ahead of the upcoming earnings release.

02

Market read

Analyst upgrades highlight AI momentum, potentially lifting ServiceNow and peer software stocks.

03

What to watch

Potential competitive pressure from larger cloud providers and macro‑economic headwinds.

Relevance 7/10Novelty 7/10Timing: pre‑market today

Background

Analyst price‑target upgrades for ServiceNow follow a series of AI‑focused research notes.

Company-level read

Ticker impact

$NOWBullishHigh confidence
Context

RBC raised ServiceNow's price target to $176, citing AI momentum and expected earnings beat.

Expected impact

likely upward pressure as investors price in AI growth expectations

Evidence & confidence

Target increase reflects fresh bullish thesis; market may react positively in pre‑market trading.

Market effects

Sector

AI‑driven software firms may see broader valuation lifts.

Regional

U.S. tech sector could benefit from heightened AI optimism.

Global

Reinforces global narrative of AI as a growth catalyst for enterprise software.

Counterpoint

What could challenge this read

The AI hype may be overstated; execution risk could temper upside.

Key entities

  • Analyst
    RBC Capital Markets

    Raised ServiceNow price target to $176.

  • Company
    ServiceNow

    Enterprise software provider positioned to monetize AI.

Read at source← All news

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