{
  "id": 17118624,
  "title": "Freedom Broker raises ServiceNow stock price target on AI growth",
  "url": "https://urgent.news/2026/10/29/freedom-broker-raises-servicenow-stock-price-target-on-ai-growth",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-29T20:34:46.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/freedom-broker-raises-servicenow-stock-price-target-on-ai-growth-93CH-4985137"
  },
  "original_language": "en",
  "account": "Freedom Broker has raised its price target on ServiceNow stock to $140 from $120, maintaining a Buy rating. This increase is attributed to ServiceNow's significant role in enterprise AI automation. The stock is currently trading at $109.67, which is below its fair value according to InvestingPro data, placing it among undervalued technology stocks. Analyst Almas Almaganbetov highlighted ServiceNow's strong performance in its fiscal third quarter of 2026, surpassing expectations in key areas such as subscription revenue, operating margin, and contract commitments. The company experienced a 22% revenue growth over the past year, with a gross profit margin of 75%. Demand for enterprise automation and generative AI products remains robust. ServiceNow provided slight guidance increases for the full year and expects the growth in performance obligations to slow to 18.5% year-over-year in constant currency for the fourth quarter of 2026. The firm emphasized ServiceNow's partnership with OpenAI, which solidifies its position as an execution and audit layer for enterprise AI. The analyst expects the company's AI annual contract value to exceed $1.7 billion. Freedom Broker believes current share prices already discount most near-term risks. Market reactions to ServiceNow's third-quarter results have been mixed, with some analysts adjusting price targets due to growth concerns.",
  "summary": null,
  "key_points": [
    "Freedom Broker raises ServiceNow stock price target to $140 from $120.",
    "Analyst cites ServiceNow's key role in enterprise AI automation growth.",
    "Company shows strong Q3 2026 performance with 22% revenue growth."
  ],
  "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."
}