Deutsche Bank Maintains Buy Rating on ServiceNow (NOW)

ServiceNow, Inc. (NYSE:NOW) is one of the 8 Best Beginner Stocks to Buy Right Now.

On April 15, 2026, Deutsche Bank lowered its price target on ServiceNow, Inc. (NYSE:NOW) to $135 from $180 and maintained a Buy rating, noting ahead of Q1 results that the company is “controlling what it can” in a challenging environment.

Similarly, TD Cowen reduced its price target to $140 from $185 while keeping a Buy rating, citing constructive checks on overall growth trends, adoption of AI-related SKUs, large deal activity, and broader platform expansion. The firm also views recent pricing and packaging changes as a net positive.

Truist also lowered its price target to $125 from $175 and maintained a Buy rating ahead of earnings, expecting strong results with potential upside to consensus driven by the company’s platform value proposition and positioning as a beneficiary of vendor consolidation. Based on customer discussions, Truist said ServiceNow is increasingly seen as a partner in enterprise AI strategies, with its incumbency supporting continued development of agentic offerings.

Deutsche Bank Maintains Buy Rating on ServiceNow (NOW)

Earlier in the month, ServiceNow announced that its full product portfolio will be AI-enabled, integrating AI, data connectivity, workflow execution, security, and governance across its platform. The company also introduced Context Engine, designed to connect relationships, policy, and decision history for AI agents, along with new Build Agent capabilities that allow developers to create and deploy workflows directly within the platform.

ServiceNow, Inc. (NYSE:NOW) provides cloud-based digital workflow solutions across multiple enterprise functions globally.

While we acknowledge the risk and potential of NOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NOW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.