ServiceNow Rises 4.5% After Buy Upgrade and $125 Price Target
NOW•ServiceNow shares rallied 4.5% to $102.86 after Guggenheim upgraded them to Buy, with a $125 price target implying 21.6% upside. The stock is down 33.2% YTD following an April 10 three-year low of $81.24, and 36 of 41 analysts maintain Buy or Strong Buy recommendations.
1. Q2 Earnings Announcement
ServiceNow will announce second-quarter 2026 financial results on July 22, marking the next major update for investors.
2. Guggenheim Upgrade and Price Target
Guggenheim uplifted its rating from Neutral to Buy and set a $125 price target, implying over 20% upside from the recent close of $102.86.
3. Recent Stock Performance
Shares jumped 4.5% following the upgrade but remain down 33.2% for the year after hitting a three-year low of $81.24 on April 10.
4. Analyst Consensus and Options Sentiment
Of 41 analysts covering the stock, 36 rate it Buy or Strong Buy with one Strong Sell, while the 50-day call/put volume ratio sits in the 87th percentile.
