Barclays Raises ServiceNow (NOW) Price Target to $160
Barclays raised its price target for ServiceNow to $160, reflecting confidence in the company's future growth, a 13.96% upside from the current price.
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Barclays raised its price target on ServiceNow, Inc. ($NOW) to $160 from $134 on October 13, 2026, and rates the stock "Overweight".
Since the rating, $NOW is up 2.4% to date (from the $138.61 close on Oct 13, 2026).
NOW
ServiceNow, Inc.
Key Points
- On October 13, 2026, Barclays reiterated its Overweight rating on ServiceNow, Inc. with a new price target of $160, up from $134.
- Barclays's $160 price target implies 13.96% upside from ServiceNow, Inc.'s ($NOW) current $140.41 share price.
- As of October 16, 2026, ServiceNow shares were recently trading at $140.41, which is below the new analyst target.
- ServiceNow has a strong revenue growth rate of 24% year-over-year and a net margin of 11.3%.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated ServiceNow, Inc. alert may contain errors. Disclosures
On October 13, 2026, Barclays reiterated its Overweight rating on ServiceNow, Inc. (NYSE: NOW), increasing its price target from $134 to $160. This adjustment shows Barclays' confidence in the company's growth potential in the technology sector.
Other Institutional Activity in ServiceNow
Several other institutional investors also adjusted their positions in ServiceNow recently. Morgan Stanley increased its stake by 3,282,760 shares, bringing its total to 26,630,984 shares valued at about $3.78 billion. State Street Corporation added 980,380 shares for a total of 49,038,218 shares, worth approximately $6.96 billion. Meanwhile, both BlackRock Inc. and Vanguard Capital Management LLC reduced their stakes, with BlackRock down by 1,443,011 shares and Vanguard trimming 625,391 shares.
ServiceNow, Inc. Stock Up 0.3%
ServiceNow shares recently traded around $140.41 as of October 16, 2026. This price is above its 50-day moving average of $133.73 and its 200-day average of $115.13, indicating a strong upward trend. However, the stock is still about 27.2% below its 52-week high of $192.97, suggesting there may be room for further growth.
$NOW price target
ServiceNow, Inc. daily closes and this analyst's $160 target. Not advice.
Recent Earnings
In its latest reported earnings, ServiceNow generated $14.73 billion in revenue over the trailing twelve months, with an earnings per share (EPS) of $1.72. The next earnings report is scheduled for October 28, 2026, which will provide further insights into the company's performance.
Insider Buying and Selling at ServiceNow, Inc.
Recent insider transactions include multiple sales by Director Paul Edward Chamberlain and Officer Jacqueline P. Canney. Chamberlain sold 1,500 shares on August 13, 2026, at an average price of $125.60, totaling about $188,400. He also sold 2,700 shares on August 27, 2026, for approximately $365,851. Canney sold 7,847 shares on August 28, 2026, at an average price of $138.00, valued at about $1.08 million. These transactions occurred before the recent analyst ratings.
Analysts Set New Price Targets
On the same day as Barclays' announcement, other firms also maintained their ratings. Evercore ISI Group kept its Outperform rating with a target of $175.00, while Wells Fargo maintained an Overweight rating with a new target of $190.00. Citigroup also adjusted its price target to $170.00 on October 14, 2026, after the Barclays update.
About ServiceNow
ServiceNow, Inc. provides cloud-based solutions for digital workflows, serving clients across various sectors, including IT service management and customer service management. With a strong revenue growth rate and a diversified product offering, ServiceNow continues to position itself as a leader in the software application industry.
Bottom Line
Investors should keep an eye on ServiceNow's upcoming earnings report on October 28, 2026, as it may provide further insights into the company's financial health and growth trajectory. Barclays' updated price target and the activity of other institutional investors suggest ongoing interest in ServiceNow's stock.
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Source: Barclays's rating change on $NOW (Oct 13, 2026). Written by software, not financial advice. How we make alerts