Bernstein Hikes ServiceNow Price Target to $236: Was the Analyst Day a Win or a Trap?

Bernstein raised its price target on ServiceNow to $236 from $226 while maintaining an Outperform rating, signaling improved analyst confidence. The note framed ServiceNow's Analyst Day as supportive of a longer-term margin expansion and free cash flow outlook. The update is constructive for the stock but is unlikely to be a major market-wide catalyst.

Analysis

Bernstein raised its price target on ServiceNow to $236 from $226 while maintaining an Outperform rating, signaling improved analyst confidence. The note framed ServiceNow's Analyst Day as supportive of a longer-term margin expansion and free cash flow outlook. The update is constructive for the stock but is unlikely to be a major market-wide catalyst.