Piper Sandler Lowers PT on ServiceNow (NOW) Stock

Group 1 - ServiceNow, Inc. is considered one of the oversold fundamentally strong stocks to buy currently [1] - Piper Sandler analyst Rob Owens reduced the price target for ServiceNow's stock to $200 from $230 while maintaining an "Overweight" rating, indicating cautious optimism for 2026 [1] - Citi maintained a "Buy" rating on ServiceNow with a price objective of $250.60, highlighting the positive industrial logic behind the acquisition of Armis, which adds predictive security features to its AI Control Tower offering [2] Group 2 - The acquisition of Armis is noted as ServiceNow's largest deal, although it is not considered transformative [2] - ServiceNow offers a cloud-based solution for digital workflows, but there are opinions that certain AI stocks may present greater upside potential with less downside risk [3]