UBS analyst Karl Keirstead lowered the firm’s price target on ServiceNow (NOW) to $1,075 from $1,100 and keeps a Buy rating on the shares ahead of the Q3 print on October 29. The firm’s checks on the core business were “fine,” pointing in view to a normal beat, but the feedback on AI adoption was somewhat disappointing, the analyst tells investors in a research note. The firm says near-term downside could be limited.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOW:
- ServiceNow Buy Rating Backed by Core Business Stability and Potential IT Budget Increases
- Salesforce Stock Pops on Global Launch of Agentforce 360, CEO Benioff Calls It a ‘Milestone for AI’
- Salesforce (NYSE:CRM) Launches New AI-Powered IT Support Service
- 3 “Strong Buy” Growth Stocks to Buy Now, According to Analysts – 10/7/2025
- ServiceNow participates in a conference call with Oppenheimer