Analysts Stay Bullish on ServiceNow (NOW) Ahead of Q3 Earnings

ServiceNow, Inc. (NYSE:NOW) is one of the 10 Best American AI Stocks to Buy According to Analysts. On October 14, UBS reduced its price target on ServiceNow, Inc. (NYSE:NOW) from $1,100 to $1,075 while keeping a Buy rating ahead of the company’s Q3 2025 results.

This decision came after UBS performed checks with partners and customers of ServiceNow, Inc. (NYSE:NOW). The research firm found the company’s core business to be “fine/solid.”

However, UBS noted that the feedback regarding AI adoption was a little disappointing, which matches with the firm’s checks on other Software-as-a-Service (SaaS) companies. The research firm pointed out that the sentiment in the SaaS and applications market is cautious and might be the worst it has been in years. Despite this, UBS reiterated its Buy rating on ServiceNow, Inc. (NYSE:NOW).

Previously, on October 9, Oppenheimer had also reaffirmed its Outperform rating on ServiceNow, Inc. (NYSE:NOW) with a $1,150 price target. This decision came after the research firm had a conversation with a major partner of ServiceNow, Inc. (NYSE:NOW).

Oppenheimer noted that the partner reported strong business activity and a good pipeline in Q3 2025, which indicates that ServiceNow, Inc. (NYSE:NOW) is seeing positive operational performance.

ServiceNow, Inc. (NYSE:NOW) expects to release its Q3 2025 earnings report on October 29.

ServiceNow, Inc. (NYSE:NOW) is an American software and technology company. It provides an AI platform that helps organizations digitize, automate, and manage workflows for enterprise operations.

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Disclosure: None. This article is originally published at Insider Monkey.