ServiceNow Price Target Cut to $185 by BTIG as FY26 Revenue Growth Guidance Draws Scrutiny

BTIG analyst Allan Verkhovski cut his ServiceNow price target to $185 from $200, a $15 reduction or roughly a 7.5% downward revision, while maintaining a Buy rating. The move signals modest analyst caution but stops short of a rating downgrade and is unlikely to be market-moving beyond short-term share re-pricing.

Analysis

BTIG analyst Allan Verkhovski cut his ServiceNow price target to $185 from $200, a $15 reduction or roughly a 7.5% downward revision, while maintaining a Buy rating. The move signals modest analyst caution but stops short of a rating downgrade and is unlikely to be market-moving beyond short-term share re-pricing.