2 months ago
22
Vandita Jadeja
Wed, July 22, 2026 astatine 11:15 AM CDT 5 min read
Quick Read
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NOW trades astatine $102 with our $332 BUY people implying 225% upside if Now Assist confirms its raised $1.5 cardinal AI gross tally complaint tonight.
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ServiceNow's 21% subscription maturation towers implicit Salesforce (CRM), and its 7.73x price-to-sales looks undervalued adjacent to Palantir's (PLTR) acold richer AI multiple.
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Bill McDermott raised Now Assist's AI perpetrate from $1 cardinal to $1.5 billion, with multi-product deals increasing astir 70% year-over-year past quarter.
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Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and ServiceNow didn't marque the cut. Grab the names FREE today.
ServiceNow (NYSE:NOW) reports Q2 2026 net aft the adjacent today, July 22, 2026, and the setup is binary. The banal has been chopped astir successful fractional implicit the past year, but absorption raised its Now Assist AI gross people from $1 cardinal to $1.5 cardinal connected the Q1 call. If tonight's update confirms that trajectory, the betterment thesis gains existent teeth.
ServiceNow ranks among the much contested turnaround setups successful endeavor bundle close now. Our 24/7 Wall St. terms people for ServiceNow is $331.60 implicit the adjacent 12 months, implying 224.9% upside from $102.06. The proposal is buy, with assurance astatine 90%. That is assertive comparative to the Street's $141.64 consensus.
24/7 Wall St. Price Target Summary
A Brutal Year, but a Turning Tape
ServiceNow trades 46.84% beneath wherever it did a twelvemonth agone and 33.38% beneath the December 31 close, sitting 33% from the 52-week precocious of $210.20. Momentum has flipped. The banal is up 7.39% implicit the past month, and Reddit sentiment jumped from bearish to a highest Very Bullish speechmaking of 82 astir a viral r/stockmarket thread charting 14 years of escaped currency travel per share.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and ServiceNow didn't marque the cut. Grab the names FREE today.
Q1 2026 validated the AI thesis. Subscription gross deed $3.671 billion, RPO reached $27.7 billion, and non-GAAP operating borderline printed 32%. Now Assist deals implicit $1 cardinal grew much than 30% year-on-year, and Sales CRM nett caller ACV grew much than 5x.
Why Bulls See a Breakout Ahead
The bull lawsuit is the AI monetization curve. Bill McDermott enactment it plainly connected the Q1 call: "We had a extremity to beryllium $1 cardinal connected our AI perpetrate this year, arsenic you know. And I deliberation we mightiness person understated that a small bit. We're already talking astir $1.5 cardinal now, and it's connected a run."
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