Analysts Cut ServiceNow (NOW) Price Targets But Stay Positive

Core Insights - ServiceNow, Inc. (NYSE:NOW) is recognized as one of the top 10 stocks to buy according to analysts, despite recent price target reductions by multiple firms [1][2][3] Price Target Adjustments - Wells Fargo reduced its price target for ServiceNow from $255 to $225 while maintaining an Overweight rating [1] - RBC Capital lowered its price target from $240 to $195 but kept an Outperform rating, indicating optimism about AI benefits becoming more visible by 2026 [2] - Cantor Fitzgerald reaffirmed its Overweight rating with a price target of $240, noting that shares are trading just above a three-year low based on enterprise value to estimated revenue for 2027 [3] Market Position and Strategy - ServiceNow is positioned as a leader in providing an AI platform that aids organizations in digitizing, automating, and managing workflows for enterprise operations [4] - Recent merger and acquisition activities are aimed at expanding the company's total addressable market rather than merely buying growth [3]