Truist Maintains Buy Rating on ServiceNow (NOW)

ServiceNow, Inc. (NYSE:NOW) is one of the 10 Best Stocks to Buy for the Next Decade.

On April 15, 2026, Truist lowered its price target on ServiceNow, Inc. (NYSE:NOW) to $125 from $175 and maintained a Buy rating ahead of quarterly results. The firm said it expects strong performance with potential upside to consensus estimates, supported by ServiceNow’s platform value proposition as enterprises consolidate vendors. Based on customer checks during the quarter, Truist believes ServiceNow is increasingly viewed as a key partner in enterprise AI roadmaps, with its incumbency positioning it well as it expands its agentic AI offerings.

On the same day, Oppenheimer lowered its price target on ServiceNow to $130 from $175 while maintaining an Outperform rating, citing lower valuation multiples across the software group. The firm said the upcoming Q1 update is unlikely to fully shift the current narrative around AI-driven disruption but noted that a more constructive trend in post-earnings estimate revisions could support the stock, particularly after a sharp year-to-date decline that has reset expectations.

Truist Maintains Buy Rating on ServiceNow (NOW)

Earlier in April, ServiceNow announced that its entire product portfolio is now AI-enabled, integrating AI, data connectivity, workflow execution, security, and governance across all offerings. The company also introduced its Context Engine, designed to connect relationships, policy, and decision history behind AI agent decisions, along with new Build Agent capabilities that allow developers to create and deploy solutions directly within the ServiceNow platform using existing tools.

ServiceNow, Inc. (NYSE:NOW) provides cloud-based workflow and enterprise software solutions 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.

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