UBS Downgrades ServiceNow (NOW) Price Target From $170 to $100
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowUBS has downgraded ServiceNow (NOW) from Buy to Neutral, significantly reducing its price target to $100 from $170. This adjustment reflects concerns over tightening budgets for non-AI software, which could adversely affect ServiceNow's revenue. ServiceNow projects subscription revenue growth of 18.5% to 19% for 2026, but lower estimates for remaining performance obligations growth to 16% from 20% signal slowing demand. UBS expects smaller earnings beats in the coming quarters, indicating a potential shift in market dynamics for AI-driven companies.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About ServiceNow Inc. (NOW)
ServiceNow provides a cloud platform that automates IT, employee, and customer workflows for large enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier NOW news
- ServiceNow (NOW) Downgraded by UBS Amid AI Concerns
- Stocks Movements: Lumentum, ServiceNow, and Sandisk Updates
- ServiceNow (NOW) Stock Downgraded on AI Positioning Concerns
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