{
  "id": 12234366,
  "title": "Stifel raises ServiceNow stock price target on deal momentum",
  "url": "https://urgent.news/2026/10/05/stifel-raises-servicenow-stock-price-target-on-deal-momentum",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T21:32:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/stifel-raises-servicenow-stock-price-target-on-deal-momentum-93CH-4932977"
  },
  "original_language": "en",
  "account": "Stifel increased its price target for ServiceNow stock (NYSE:NOW) to $160 from $120, maintaining a Buy rating. The current stock price of $136.08 is considered undervalued relative to its Fair Value estimate. The firm highlighted recent deal activity as a key driver, noting strong renewal expansion and adoption of advanced products despite some customer confusion around AI-infused offerings and pricing. U.S. non-Department of Defense federal deals remained roughly flat year-over-year in the third quarter, but Stifel anticipates a significant U.K. public-sector win to offset potential federal challenges. The firm projects at least a 200 basis point increase in remaining performance obligations year-over-year in constant currency, aligning with management's expectations of accelerating consumption trends. ServiceNow has reported 22% revenue growth over the past year, bolstering the optimistic outlook. Additional insights from InvestingPro include 13 exclusive tips and Pro Research Reports on ServiceNow and 1,400+ other U.S. equities. Recent moves by other analysts, such as Cantor Fitzgerald raising the price target to $174 and Needham to $155, underscore growing confidence in ServiceNow's AI strategy and business trajectory, particularly in light of significant federal contract wins and enterprise software procurement trends.",
  "summary": null,
  "key_points": [
    "Stifel raises ServiceNow's stock price target to $160 from $120",
    "Recent deal activity and strong renewal expansion drive optimism",
    "Anticipate 200 basis point increase in RPO YoY in constant currency"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}