ServiceNow (NOW): BMO Capital Expects Earnings Report to Alleviate tensions About Growth Durability

ServiceNow, Inc. (NYSE:NOW) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 21, BMO Capital reduced its price objective on the company’s stock to $175 from $230, while keeping an “Outperform” rating. Despite the reduction in target price, the firm expects that there is a potential for marginally better-than-anticipated Q4 constant-currency growth in both subscription revenues and current remaining performance obligations.

BMO Capital Reduced PT on ServiceNow (NOW) Stock

BMO Capital opines that ServiceNow, Inc. (NYSE:NOW) will guide roughly in line with current FY 2026 consensus organic subscription revenue growth rates on a constant-currency basis. Also, the upcoming report will help in alleviating tensions associated with the durability of growth. Overall, the firm attributed the reduction in price target to broader multiple compression in software.

In a different update, Jefferies reduced its price objective on ServiceNow, Inc. (NYSE:NOW)’s stock to $175 from $230, while keeping a “Buy” rating. As per the firm, ServiceNow, Inc. (NYSE:NOW) is expected to marginally beat on constant currency cRPO and subscription revenue.

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

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