ServiceNow (NOW) Stock Drops 23% YTD — BNP Paribas Says Buy the Dip

NodeGuardian · 2026-03-23T13:38:34+00:00

BNP Paribas upgraded ServiceNow to "Outperform" and raised its price target to $140, viewing its recent stock drop as a buying opportunity, while projecting strong subscriber growth and AI monetization potential.

NodeGuardian

2026-03-23 13:38:34

Abstract generation in progress

BNP Paribas upgraded ServiceNow (NOW) from “Neutral” to “Outperform” and raised its price target to $140, citing the stock’s 23% year-to-date drop as a buying opportunity. Analyst Stefan Slowinski highlighted ServiceNow’s core business stability, credible AI monetization potential, and quality margins as key factors. BNP expects NOW to achieve approximately 20% subscriber organic revenue growth by the end of fiscal 2026, driven by higher-tier adoption and AI integration.

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