Piper Sandler Lowers PT on ServiceNow (NOW) Stock

ServiceNow, Inc. (NYSE:NOW) is one of the Oversold Fundamentally Strong Stocks to Buy Right Now. On January 5, Piper Sandler analyst Rob Owens reduced the firm’s price objective on the company’s stock to $200 from $230, while keeping an “Overweight” rating. As per the firm, 2025 was a difficult year for Security & Infrastructure Software coverage. Notably, the firm remains cautiously optimistic for a better year in 2026, and it believes that several names are entering the year at interesting valuation levels.

Piper Sandler Lowers PT on ServiceNow (NOW) Stock

In a different update, on December 24, Citi maintained a “Buy” rating on ServiceNow, Inc. (NYSE:NOW)’s stock with a price objective of $250.60. As per the analyst, the firm likes the industrial logic of the company’s acquisition of Armis. The analyst believes that the deal adds predictive security features to ServiceNow, Inc. (NYSE:NOW)’s AI Control Tower offering. However, Citi added that the deal is not transformative, despite this deal being the company’s largest ever.

ServiceNow, Inc. (NYSE:NOW) offers a cloud-based solution for digital workflows.

While we acknowledge the potential of NOW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NOW aand that has 100x upside potential, check out our report about this cheapest AI stock.

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