ServiceNow shares are going up after Oppenheimer raised its price target and gave it a good rating.

Oct 13, 2026, 11:14 AM ETOpinionRead the original at Benzinga

Neutral

ServiceNow received a higher analyst target, and the analyst expects third-quarter subscription commitments to beat estimates slightly. Weak federal obligations and little room for a fourth-quarter beat balance those positives, leaving no clear change to its outlook.

NOW · ServiceNow Inc

AI read · Neutral

The AI's read

The report points both ways for ServiceNow. Oppenheimer expects third-quarter subscription commitments to edge past Wall Street's estimate, but says the likely beat will be small. Federal obligations were down 16% from a year earlier, and fourth-quarter commitments are expected near the estimate, with little room to beat it. These facts do not point to a clear change in the company's outlook.

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