Oppenheimer Cites Healthy Overal Demand, Reiterates “Outperform” Rating On ServiceNow (NOW)

On May 26, 2026, Oppenheimer reiterated an “Outperform” standing and $130 terms people connected ServiceNow, Inc. (NYSE:NOW) aft conducting interviews with 64 customers to measure endeavor IT fund trends, AI adoption, and maturation plans.

The steadfast said wide request and caller bundle spending wrong the installed basal look steadfast contempt unit connected headcount growth. AI, IT, Risk, and Security solutions were cited arsenic apical concern priorities among surveyed customers. Oppenheimer said the findings rise condemnation for a stronger 2nd fractional of 2026 and imaginable reacceleration successful 2027. The steadfast besides noted immoderate customers expressed interest that AI agents replacing entry-level enactment roles could erode the endowment excavation needed for higher-tier positions.

That update followed a sum reinstatement from BofA connected May 18, 2026.

The steadfast restarted sum with a “Buy” standing and a $130 terms target, arguing that ServiceNow, Inc. (NYSE:NOW) stands to payment from, alternatively than beryllium displaced by, caller AI solutions. BofA said the company’s extent and breadth of workflow entrenchment crossed IT, employee, and lawsuit workflows uniquely presumption it to seizure upside from autonomous cause deployments.

ServiceNow, Inc. (NYSE:NOW) provides an AI-enabled endeavor level for workflows crossed IT, security, risk, HR, finance, legal, procurement, lawsuit service, and related concern functions.

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