ServiceNow Stock to Trade Range Bound in the Short-Term, RBC Says
Idag, 17:38
11:38 AM EDT, 04/23/2026 (MT Newswires) -- ServiceNow's (NOW) stock is expected to trade range-bound in the short term, driven by organic growth confusion and Iran war uncertainty in a seasonally weak Q1, RBC Capital Markets analysts said in a Thursday note.
"Against negative software investor sentiment, we thought ServiceNow delivered a solid, but messy Q1 report,"RBC said.
Analysts said that the company is in a good position to monetize artificial intelligence, consolidate spending, and increase its
guidance as the year progresses.
RBC said that ServiceNow's penetration with its current core offerings remains relatively low and that it is well positioned to extend into other areas as well, enabling a high growth rate for many years.
Analysts adjusted their 2026 earnings estimate for the company to $4.16 from $4.18. Analysts polled by FactSet expect $4.18.
RBC has an outperform rating on the stock and a $121 price target.
Price: 85.88, Change: -17.19, Percent Change: -16.68
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ServiceNow Stock to Trade Range Bound in the Short-Term, RBC Says
Idag, 17:38
11:38 AM EDT, 04/23/2026 (MT Newswires) -- ServiceNow's (NOW) stock is expected to trade range-bound in the short term, driven by organic growth confusion and Iran war uncertainty in a seasonally weak Q1, RBC Capital Markets analysts said in a Thursday note.
"Against negative software investor sentiment, we thought ServiceNow delivered a solid, but messy Q1 report,"RBC said.
Analysts said that the company is in a good position to monetize artificial intelligence, consolidate spending, and increase its
guidance as the year progresses.
RBC said that ServiceNow's penetration with its current core offerings remains relatively low and that it is well positioned to extend into other areas as well, enabling a high growth rate for many years.
Analysts adjusted their 2026 earnings estimate for the company to $4.16 from $4.18. Analysts polled by FactSet expect $4.18.
RBC has an outperform rating on the stock and a $121 price target.
Price: 85.88, Change: -17.19, Percent Change: -16.68
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