Analysts set a $251.28 price target for NOW, citing strong Q2 FY26 results despite a 17% YTD decline.
ServiceNow shares closed at $127.54 on August 11, 2026, down 16.74% year-to-date, despite reporting Q2 FY26 revenue of $3.987 billion, a 24.01% year-over-year increase. Non-GAAP EPS of $0.90 beat consensus by 5.09%, while subscription revenue rose 24.5% to $3.877 billion.
The company’s current remaining performance obligations (cRPO) reached $13.20 billion, up 21% YoY, with AI annual contract value (ACV) surpassing $1 billion. Agentic deployments expanded ninefold over nine months, reinforcing CEO Bill McDermott’s claim that Q2 serves as a foundation for a re-rating.
Analysts at 24/7 Wall St. project a 97.02% upside to $251.28 over the next 12 months, citing NOW’s growth-adjusted valuation advantage over peers like Workday and Salesforce. The stock trades 28% below its 52-week high of $194.73 but has gained 18.41% over the past month.