Truist Cut PT on ServiceNow (NOW) to $175 from $240 – Here’s Why


ServiceNow, Inc. (NYSE:NOW) is one of the the most promising future stocks to buy now. On February 5th, Truist revised their price target on ServiceNow, Inc. (NYSE:NOW) to $175 from $240 and maintained a buy rating on the stock, issuing the rating upgrade as part of a broader research note on the infrastructure software names. He told investors that the pullback from the sector is driven primarily by concerns associated with terminal value rather than near-term fundamentals, making AI narratives highly critical.

ServiceNow, Inc. (NOW) is competing with the rise of AI, says Jim Cramer
ServiceNow, Inc. (NOW) is competing with the rise of AI, says Jim Cramer

He added that vendors with primarily seat-based models were the worst performers in the company’s 2025 coverage and have continued to underperform the group through the start of the new year. Therefore, Truist “sees traction” for AI use cases, along with a business shift away from seat-based deployments as strategic imperatives for these companies.

In another development, Goldman Sachs added ServiceNow, Inc. (NYSE:NOW) on its U.S. condemnation list on Feb. 2, maintaining a buy rating on the stock with a $216 price target. The update came as part of the company’s monthly update, which stated that ServiceNow, Inc. (NYSE:NOW) has the potential to sustain 20% annual organic growth through 2029, given its “still robust” expansion opportunities in new domains.

ServiceNow, Inc. (NYSE:NOW) provides an AI platform for business transformation, increasing productivity and maximizing business results. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform works as a cloud-based solution integrated with AI and ML.

While we recognize NOW’s potential as an investment, we believe some AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 30 stocks that should double in 3 years i 11 Hidden AI Stocks to Buy Right Now.

Disclosure: no. This article is originally published in Monkey Insider.



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