ServiceNow (NYSE:NOW) Given New $175.00 Price Target at Piper Sandler

Posted by Brian Himes on Oct 16th, 2026

ServiceNow (NYSE:NOW – Get Free Report) had its price objective upped by investment analysts at Piper Sandler from $140.00 to $175.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Piper Sandler’s target price suggests a potential upside of 17.56% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. TD Cowen boosted their price target on ServiceNow from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial raised their price objective on ServiceNow from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Oppenheimer restated an “outperform” rating and set a $165.00 price objective (up from $140.00) on shares of ServiceNow in a research note on Tuesday. Bank of America lifted their price objective on ServiceNow from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, Mizuho set a $170.00 target price on ServiceNow and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average price target of $151.73.

Check Out Our Latest Stock Analysis on ServiceNow

ServiceNow Price Performance

NYSE:NOW opened at $148.86 on Friday. ServiceNow has a 52 week low of $81.24 and a 52 week high of $192.97. The firm has a market cap of $153.92 billion, a price-to-earnings ratio of 93.04, a P/E/G ratio of 2.57 and a beta of 0.99. The firm’s 50-day simple moving average is $134.87 and its 200 day simple moving average is $113.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70.

ServiceNow (NYSE:NOW – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue was up 24.0% on a year-over-year basis. As a group, sell-side analysts predict that ServiceNow will post 2.22 earnings per share for the current year.

Insider Transactions at ServiceNow

In other news, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the sale, the director owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This represents a 5.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Fipps sold 2,034 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the sale, the insider owned 18,305 shares in the company, valued at $2,706,760.35. This represents a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 14,081 shares of company stock valued at $1,937,904. Company insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On ServiceNow

A number of large investors have recently modified their holdings of the business. Bank of Nova Scotia grew its position in ServiceNow by 53.3% during the 1st quarter. Bank of Nova Scotia now owns 1,018,036 shares of the information technology services provider’s stock worth $106,436,000 after acquiring an additional 353,749 shares during the last quarter. Sapient Capital LLC increased its holdings in ServiceNow by 266.0% in the 2nd quarter. Sapient Capital LLC now owns 77,661 shares of the information technology services provider’s stock worth $7,710,000 after purchasing an additional 56,444 shares in the last quarter. Meeder Advisory Services Inc. bought a new position in ServiceNow in the second quarter valued at about $2,881,000. Vestor Capital LLC raised its position in ServiceNow by 38,987.2% in the first quarter. Vestor Capital LLC now owns 122,343 shares of the information technology services provider’s stock valued at $12,791,000 after purchasing an additional 122,030 shares during the last quarter. Finally, Cardano Risk Management B.V. boosted its stake in shares of ServiceNow by 6.9% during the second quarter. Cardano Risk Management B.V. now owns 484,785 shares of the information technology services provider’s stock valued at $48,129,000 after purchasing an additional 31,119 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow introduced an “AI Passport” framework that gives AI agents defined identities, permissions, business context and a potential shutdown mechanism. The governance tools may help enterprises deploy autonomous agents while addressing security and compliance concerns. ServiceNow gives AI agents a passport, and limits on what they can do
Positive Sentiment: The company expanded EmployeeWorks, allowing employees to build and use AI agents without coding. Investors viewed the release as evidence that ServiceNow is broadening AI adoption across its enterprise customer base. ServiceNow introduces the third generation of its employee-centric AI harness
Positive Sentiment: TD Cowen raised its ServiceNow price target to $165 from $140 and maintained a Buy rating. The analyst expects solid third-quarter results, supported by customer upgrades, security-product growth and demand from U.S. federal agencies. ServiceNow stock rises as investors rotate to enterprise software stocks
Positive Sentiment: ServiceNow’s denial that it plans to acquire AI startup Decagon removed a potential source of acquisition-spending and execution concerns, helping refocus investors on the company’s organic AI growth. ServiceNow denies interest in acquiring Decagon
Positive Sentiment: Recent comparisons show ServiceNow has delivered consistent sequential revenue growth over the past eight quarters, while its enterprise workflow platform continues to scale. A three-year collaboration with Stagwell also creates a channel for broader marketing-automation adoption. Stagwell collaboration with ServiceNow
Neutral Sentiment: Investors are rotating toward established enterprise-software companies as concerns about debt-heavy AI businesses persist, providing a favorable trading backdrop for NOW. However, comparisons with Salesforce and Palantir underscore continued competition and valuation debates. ServiceNow vs. Palantir Technologies

About ServiceNow

(Get Free Report)

ServiceNow, Inc is a cloud-based enterprise software company that helps organizations digitize, automate and manage workflows. Its platform connects people, processes and systems across departments, enabling businesses to replace manual, disconnected activities with standardized digital workflows.

The company’s products and services support a range of functions, including information technology service management, IT operations management, customer service, human resources, risk and security operations, and software development.