ServiceNow (NOW) Stock: Analysts Raise Price Targets After Q2 Results
TLDR
- ServiceNow stock climbed around 2–5.5% after beating Q2 earnings estimates on both revenue and profit
- Revenue came in at $3.98–$3.99 billion, up 24% year-over-year, topping Wall Street’s $3.93 billion estimate
- Adjusted EPS of $0.90 beat the $0.85–$0.86 consensus
- Management raised its 2026 AI annual contract value target by 50% to $1.5 billion
- J.P. Morgan maintained a Buy rating with a $145 price target, implying ~49% upside
Q2 came through for ServiceNow. The enterprise software company posted results Wednesday evening that beat Wall Street on both the top and bottom lines, sending the stock higher in Thursday’s session.
Revenue for the quarter hit $3.98–$3.99 billion, up 24% year-over-year, against a consensus estimate of $3.93 billion. Adjusted earnings per share came in at $0.90, beating the $0.85–$0.86 estimate.
The stock rose roughly 5.5% in pre-market trading to around $100.67, before settling to a gain of about 2% during Thursday’s regular session.
CEO Bill McDermott called the results exceptional, saying they “solidify our position as the fastest-growing major enterprise software and cybersecurity company.”
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