ServiceNow, Inc.

New York Stock Exchange
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Bullish +65

ServiceNow stock draws higher targets after Q2 growth

Analyst upgrade Earnings report Financial outlook AI-generated analysis

📈 ServiceNow Q2 fiscal 2026 revenue reached USD 3.99 billion, marking a 24.0 percent year-over-year increase.

💰 Non-GAAP earnings per share hit USD 0.90, surpassing the USD 0.86 consensus estimate.

📊 Subscription revenue grew by 24.5 percent to USD 3.88 billion, with remaining performance obligations rising 21.0 percent.

🚀 Deutsche Bank raised its price target to USD 155.00 and retained a Buy rating following the earnings beat.

🔼 Cantor Fitzgerald increased its target to USD 174.00 while maintaining an Overweight rating on the stock.

📅 The company raised its fiscal 2026 subscription revenue outlook to a range of USD 15.76 billion to USD 15.78 billion.

💹 Analysts project operating margins of 31.5 percent and free cash flow margins of 35.0 percent for the full year.

📉 ServiceNow stock traded at USD 135.50 on September 25, 2026, down 1.57 percent from the prior close.

📈 The market cap stood at USD 140.2 billion as of September 25, 2026, with volume of 8.2 million shares.

🎯 The stock is currently trading 29.8 percent below its 52-week high of USD 192.97.

Bullish Signals
  • ServiceNow Q2 fiscal 2026 revenue reached USD 3.99 billion, a 24.0 percent year-over-year gain that exceeded market expectations.
  • Non-GAAP earnings per share of USD 0.90 beat the consensus estimate of USD 0.86, demonstrating strong profitability.
  • Subscription revenue grew by 24.5 percent to USD 3.88 billion, indicating robust recurring revenue growth.
  • Deutsche Bank raised its price target to USD 155.00 and maintained a Buy rating following the earnings beat.
  • Cantor Fitzgerald increased its target to USD 174.00 while retaining an Overweight rating on the stock.
  • The company raised its fiscal 2026 subscription revenue outlook to USD 15.76 billion-15.78 billion, signaling confidence in future growth.
  • Projected operating margins of 31.5 percent and free cash flow margins of 35.0 percent suggest strong operational efficiency.
Full Analysis
ServiceNow Inc. reported strong Q2 fiscal 2026 results, with revenue reaching USD 3.99 billion, representing a 24.0 percent year-over-year increase. Non-GAAP earnings per share came in at USD 0.90, beating the consensus estimate of USD 0.86. Subscription revenue specifically grew by 24.5 percent to USD 3.88 billion, while remaining performance obligations rose 21.0 percent to USD 13.20 billion. Following these results, major investment banks raised their price targets for the company. Deutsche Bank lifted its target to USD 155.00 from USD 135.00 and retained a Buy rating, citing performance that exceeded consensus on both revenue and adjusted earnings per share. Cantor Fitzgerald also upgraded its outlook, raising its target to USD 174.00 from USD 141.00 while maintaining an Overweight rating. The company has raised its fiscal 2026 subscription revenue outlook to between USD 15.76 billion and USD 15.78 billion. Management expects operating margins of 31.5 percent and free cash flow margins of 35.0 percent for the year. Despite these positive fundamentals, ServiceNow stock traded at USD 135.50 on September 25, 2026, trading significantly below its 52-week high of USD 192.97.