5 Oversold Blue Chip Stocks to Buy According to Analysts

4. ServiceNow, Inc. (NYSE:NOW)

On April 13, 2026, RBC Capital lowered its price target on ServiceNow, Inc. (NYSE:NOW) to $121 from $150 and maintained an Outperform rating as part of a broader Q1 software preview. RBC said sector sentiment is “very bad” amid volatility, driven largely by concerns around LLM competition, with many investors on the sidelines. The firm added that macro uncertainty tied to the Iran conflict, workforce reductions, longer deal cycles linked to AI adoption, and FX pressures could limit near-term catalysts, with expectations for largely in-line results and unchanged FY26 guidance.

On April 9, 2026, UBS downgraded ServiceNow to Neutral from Buy with a price target of $100, down from $170, citing reduced confidence in the company’s positioning in the AI landscape relative to peers. UBS also flagged increasing signs of budget pressure for non-AI software and expects more limited upside to guidance alongside “skinnier-than-normal” earnings beats in upcoming quarters.

On the same day, ServiceNow announced that its entire product portfolio is now AI-enabled, integrating AI, data connectivity, workflow execution, security, and governance across offerings. The company also introduced Context Engine, designed to connect decision-making data across AI agents, and new Build Agent capabilities that allow developers to deploy workflows directly onto the platform.

ServiceNow, Inc. (NYSE:NOW) provides cloud-based workflow solutions for enterprises globally.