Bank of America lifts target for ServiceNow stock: price gains 1.39 percent

Published on 10/26/2026 at 12:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA lifted its target to USD 180 on October 23, 2026. ServiceNow stock costs EUR 142.20 on October 26, 2026, 1.39 percent above its Xetra close.

Upcoming report and AI metrics

Bank of America raised its target from USD 150 to USD 180 on October 23, 2026.
Second-quarter subscription revenue reached USD 3.877 billion, up 24.5 percent year over year.
ServiceNow stock trades at EUR 142.20 at 12:07 p.m. CET at Lang & Schwarz on October 26, 2026, 1.39 percent above the Xetra close of October 23, 2026.

ServiceNow, US81762P1021, Illustration mit AI erstellt.

ServiceNow stock (ISIN US81762P1021) was trading at EUR 142.20 at Lang & Schwarz on October 26, 2026, at 12:07 p.m. CET, 1.39 percent above the Xetra close of October 23, 2026 at EUR 140.25. Bank of America raised its price target from USD 150 to USD 180 on October 23, 2026, ahead of ServiceNow's third-quarter report.

Target rises before results

According to Benzinga, Bank of America analyst Tal Liani kept a Buy rating and lifted the target to USD 180 from USD 150. The firm expects artificial intelligence-powered business automation to support customer spending, while premium valuation and AI infrastructure costs remain material risks.

Three milestones set the stage

On July 22, 2026, ServiceNow reported second-quarter subscription revenue of USD 3.877 billion, up 24.5 percent year over year, while current remaining performance obligations reached USD 13.20 billion, up 21 percent. On October 13, 2026, Oppenheimer raised its target from USD 140 to USD 165, according to Benzinga. On October 23, 2026, Bank of America raised its target from USD 150 to USD 180, marking the latest of the three milestones.

What will the report test?

ServiceNow's third-quarter report is scheduled for October 28, 2026, after the market closes, according to ServiceNow. The company guided to third-quarter subscription revenue of USD 3.975 billion to USD 3.980 billion and a 31 percent non-GAAP operating margin, giving the market two concrete benchmarks.

AI growth meets a high bar

ServiceNow's AI business passed USD 1.00 billion in annual contract value in the second quarter, while management targeted USD 1.50 billion by the end of 2026. The second-quarter operating margin was 29.5 percent, so the next report will show whether the 31 percent target can absorb higher AI-related infrastructure costs.

Price holds above Xetra close

The euro quotation was EUR 142.20 at Lang & Schwarz on October 26, 2026, at 12:07 p.m. CET, 1.39 percent above the Xetra close of October 23, 2026 at EUR 140.25. The primary listing is on the NYSE, where the stock last stood at USD 158.96 on October 23, 2026 at 4:00 p.m. ET.

The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.