Truist Cut PT on ServiceNow (NOW) to $175 From $240 – Here’s Why

ServiceNow, Inc. (NYSE:NOW) is one of the most promising future stocks to buy now. On February 5, Truist revised the price target on ServiceNow, Inc. (NYSE:NOW) to $175 from $240 and maintained a Buy rating on the shares, releasing the rating update as part of a broader research note on the Infrastructure Software names. It told investors that the sector pullback is primarily being driven by concerns associated with terminal value instead of near-term fundamentals, and this makes AI narratives highly critical.

It added that the vendors with predominantly seat-based models performed the worst in the firm’s coverage in 2025, and have continued to underperform the group through the beginning of the new year. Truist thus “sees traction” for AI use cases, along with a business shift away from seat-based deployments as strategic imperatives for these companies.

In another development, Goldman Sachs added ServiceNow, Inc. (NYSE:NOW) to its US Conviction List on February 2, maintaining a Buy rating on the stock with a $216 price target. The update came as part of the firm’s monthly update, stating that ServiceNow, Inc. (NYSE:NOW) holds the potential to sustain 20% organic growth annually through 2029, given its “still-robust” expansion opportunities in new domains.

ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML.

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