ServiceNow Unveils AI Partnerships as Bernstein Raises Price Target to $236
Bernstein raised ServiceNow’s price target by 4.4% to $236 from $226, citing long-term margin and free cash flow improvements following its Analyst Day. At Knowledge 2026, ServiceNow announced joint AI-powered solutions with Tanium and Outreach, as Anthropic’s CEO warned that software companies without an AI strategy could face obsolescence.
1. Bernstein Raises Price Target
Bernstein analyst Peter Weed increased ServiceNow’s price target from $226 to $236, maintaining an Outperform rating. The upgrade follows the company's Analyst Day, which highlighted improved long-term margins and free cash flow prospects.
2. AI Partnerships with Tanium
At Knowledge 2026, ServiceNow and Tanium launched a bundled Autonomous IT solution named ITOM AI Prime powered by Tanium’s Autonomous IT Platform. This integration aims to shift IT operations from reactive to autonomous, outcome-based incident detection and resolution.
3. Outreach Revenue Execution Integration
ServiceNow introduced a new integration with Outreach, embedding revenue orchestration into its CRM to streamline end-to-end sales workflows. The partnership enables go-to-market teams to execute key revenue processes within ServiceNow’s platform, improving sales efficiency and data alignment.
4. Anthropic CEO AI Strategy Warning
Anthropic’s CEO warned that software incumbents lacking a robust AI strategy risk obsolescence as AI models improve. He noted that moats are disappearing and companies not incorporating AI could be blindsided, underscoring the sector’s urgent need for AI adoption.