What Does Wall Street Think About ServiceNow (NOW) Stock?

ServiceNow, Inc. (NYSE:NOW) is one of the Stocks That Will Make You Rich In 5 Years. Wall Street remains bullish on the stock, and analysts’ 12-month average price target of $1,175 implies a 35.89% upside from current levels. Several analysts have given bullish ratings on ServiceNow, Inc. (NYSE:NOW) after the company posted strong results for the fiscal second quarter of 2025, topping revenue and EPS estimates by $91.34 million and $0.52, respectively.

On August 4, Citizens JMP analyst Patrick Walravens reiterated a Buy rating on ServiceNow, Inc. (NYSE:NOW) with a price target of $1,300. More recently, on August 25, Brad Reback from Stifel Nicolaus also maintained a Buy rating on the stock, reiterating his price target of $1,200.

Looking ahead, ServiceNow, Inc. (NYSE:NOW) expects third quarter 2025 subscription revenue in the range of $3,260 million to $3,265 million, reflecting 20% to 20.5% year-over-year growth. Management noted that the company has a larger-than-usual group of customers scheduled to renew contracts in Q4 2025. Because of this, Q3 2025 is anticipated to see about a 2-point headwind on Current Remaining Performance Obligations (cRPO) growth as those existing contracts wind down. Therefore, management expects Q3 2025 cRPO to grow 18.5% year-over-year and expects the contracts to renew in Q4 2025, easing the headwind effect.

ServiceNow, Inc. (NYSE:NOW) is a technology company that provides a cloud-based AI platform called the Now Platform that helps businesses automate and digitize 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 and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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