ServiceNow, Inc. (NYSE:NOW) had its price target reduced by BMO Capital to $175 from $230 with an “Outperform” rating. The firm anticipates slightly better-than-expected Q4 constant-currency growth in subscription revenues and performance obligations. Jefferies also lowered its target to $175, citing potential outperformance in cRPO and subscription revenue.

Despite the price target reductions, ServiceNow, Inc. (NYSE:NOW) is expected to report in line with FY 2026 consensus organic subscription revenue growth rates on a constant-currency basis. The company’s cloud-based solution for digital workflows has positioned it as one of the best long-term tech stocks to buy according to analysts.

Investors looking for AI stocks with greater upside potential and less downside risk may want to explore other options besides ServiceNow, Inc. (NYSE:NOW). While NOW offers potential as an investment, certain AI stocks are considered extremely undervalued and stand to benefit from current market trends. Check out the free report on the best short-term AI stock for more information.

For more insights on AI stocks, analysts recommend exploring 13 Cheap AI Stocks to Buy and 11 Unstoppable Growth Stocks to Invest in. This article is originally published on Insider Monkey. No disclosures were made in the report.

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