ServiceNow Backed By AI, Strong Cash Flow Despite Tariff Uncertainty: Analyst

ServiceNow, Inc NOW is one of the weaker performers in Goldman Sachs analyst Kash Rangan’s coverage group.Rangan maintained a Buy rating on the company and lowered his price target to $1,050 ($1,200 prior) on Thursday.ServiceNow has been one of the weaker performers in Rangan’s coverage group year-to-date (-22% versus coverage average -14%) as investors grapple with sub-20% fiscal 2025 guidance, the potential rationalization of PubSec IT spending, and knock-on effects from tariff policy volatility. Regardin ...