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investing.comOCT 202 min read$NOW

These 2 software stocks are new Top Picks at BMO

BMO Capital Markets added ServiceNow (NOW) and Gartner (DT) as new Top Picks, raising their price targets. Analyst Keith Bachman cited favorable near-term setups and steady growth prospects. ServiceNow's security acquisitions, Armis and Veza, are outperforming expectations, contributing to significant deals and revenue.

Original reporting
investing.com
Published Oct 20, 2026, 10:07 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 20, 2026, 10:26 AM 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 · $IT
Relevance
7/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$NOWBullishHigh
01

Why it matters

Analyst upgrades provide fresh positive catalysts for the two software stocks.

02

Market read

The upgrades may generate buying interest in both stocks and lift the broader enterprise software sector.

03

What to watch

Potential macro headwinds could dampen the impact of the upgrades.

Relevance 7/10Novelty 7/10Timing: today

Background

BMO Capital Markets expanded its Top Picks list to include ServiceNow and Gartner, raising price targets for both.

Company-level read

Ticker impact

$NOWBullishHigh confidence
Context

BMO Capital Markets added ServiceNow as a new Top Pick and raised its price target.

Expected impact

likely upward pressure as investors price in the higher target

Evidence & confidence

Analyst upgrade with new price target is a fresh catalyst.

$ITBullishHigh confidence
Context

BMO Capital Markets added Gartner as a new Top Pick and raised its price target.

Expected impact

potential upside as market absorbs the higher target

Evidence & confidence

Analyst upgrade with new price target provides fresh positive news.

Market effects

Sector

May boost sentiment toward enterprise software and SaaS providers.

Regional

U.S. tech sector could see modest lift.

Global

Limited to investors tracking U.S. software stocks.

Counterpoint

What could challenge this read

Some may argue the upgrade is premature given broader market volatility.

Key entities

  • company
    ServiceNow

    Enterprise cloud software provider.

  • company
    Gartner

    Research and advisory firm for IT.

Read at source← All news

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