Oppenheimer Reaffirms Outperform on ServiceNow at $130 Target
Oppenheimer reaffirmed its Outperform rating and $130 price target for ServiceNow (NYSE:NOW) following a management meeting on June 10. The firm expressed cautious optimism about H2 2026 prospects and potential business reacceleration.
Key Numbers
Oppenheimer has reaffirmed its Outperform rating and $130 price target for ServiceNow Inc. (NYSE:NOW) after a meeting with the company's management on June 10. The discussion left the firm slightly optimistic about ServiceNow's second-half 2026 prospects and the likelihood of business reacceleration.
Rating Change
No change was made to the rating or price target; Oppenheimer maintained its Outperform rating and $130 target.
Analyst Rationale
Analysts see ServiceNow well-positioned to benefit from AI growth through its platform, as well as its partnership with Cognizant. The management meeting reinforced confidence in the company's ability to accelerate business in H2 2026.
Context
The reaffirmation comes amid mixed recent performance for NOW stock. Other analysts have varying views, but Oppenheimer remains bullish. ServiceNow is considered a top "set-it-and-forget-it" stock.
What to Make of It
Oppenheimer's stance underscores confidence in ServiceNow's AI opportunities and strategic partnerships. Investors should watch H2 results to gauge whether expectations materialize.
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