Evercore ISI Group Raises ServiceNow (NOW) Price Target to $175

Evercore ISI Group has reiterated its Outperform rating on ServiceNow, Inc. (NYSE: NOW) and raised its price target to $175.00 on October 13, 2026. The new target is an increase from the prior target of $160.00. This rating suggests that the firm expects ServiceNow to perform better than the broader market over the next several months.

Other Institutional Activity in ServiceNow, Inc.

Blackrock Inc. trimmed its holdings by 1,443,011 shares, ending with 96,057,763 shares worth about $13.64 billion. Vanguard Capital Management LLC also reduced its stake by 625,391 shares, bringing its total to 67,351,838 shares valued at approximately $9.56 billion. State Street Corporation increased its position by 980,380 shares, now holding 49,038,218 shares worth about $6.96 billion. Morgan Stanley grew its stake by 3,282,760 shares, totaling 26,630,984 shares valued at around $3.78 billion. Vanguard Portfolio Management LLC made a minor adjustment, adding 12,586 shares for a total of 25,184,743 shares worth about $3.58 billion.

ServiceNow, Inc. Stock Up 0.3%

ServiceNow shares recently traded around $140.41 as of October 16, 2026, which is about 7.3% below the average analyst price target of $151.47. The stock is currently above its 50-day moving average by 5.0% and well above its 52-week low of $81.24, but it remains 27.2% below its 52-week high of $192.97.

Recent Earnings

ServiceNow reported trailing twelve-month revenue of approximately $14.73 billion, reflecting a year-over-year growth of 24.0%. The company's earnings per share (EPS) for the same period stood at $1.72. The next earnings report is expected on October 28, 2026.

Insider Buying and Selling at ServiceNow, Inc.

Several insiders sold shares recently. Paul Edward Chamberlain, a Director, sold 1,500 shares at an average price of $125.60 on August 13, 2026, totaling about $188,400. He also sold 2,700 shares at $135.50 on August 27, 2026, valued at approximately $365,851. Jacqueline P Canney, an Officer, sold 7,847 shares at $138.00 on August 28, 2026, worth about $1,082,886. Additionally, Officer Paul G. Fipps sold 2,034 shares at $147.87 on August 31, 2026, totaling around $300,777.

Analysts Set New Price Targets

On October 13, 2026, Evercore ISI Group maintained its Outperform rating on ServiceNow with a new price target of $175.00, up from $160.00. Barclays also maintained its Overweight rating, raising its target to $160.00 from $134.00. Wells Fargo kept its Overweight rating with a target of $190.00, up from $175.00. Oppenheimer maintained its Outperform rating with a target of $165.00, increased from $140.00. On October 14, Citigroup maintained its Buy rating with a target of $170.00, raised from $154.00.

About ServiceNow, Inc.

ServiceNow, Inc. provides cloud-based solutions for digital workflows across various sectors, including IT service management and customer service. Its software helps businesses streamline operations and improve efficiency. The recent analyst rating and price target increase highlight continued confidence in the company's growth potential.

Bottom Line

Investors should watch for ServiceNow's earnings report on October 28, 2026, for further insights into its performance. The recent analyst upgrades suggest a positive outlook despite the current trading position below the new price targets.