Deutsche Bank raises target for ServiceNow stock from USD 135.00 to USD 155.00

Published on 10/01/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue hit USD 3.99 billion, up 24.00 percent year over year. ServiceNow stock costs EUR 118.03 on October 1, 2026 after EUR 118.18.

Analyst betrachtet nachts IT-Ticket-Dashboard mit Kanban-Spalten auf großem gebogenem Monitor — ServiceNow Inc. (US81762P1021) zeigt ein IT-Ticket-Dashboard auf einem großen Monitor im nächtlichen Büro, Illustration mit AI erstellt.

ServiceNow (ISIN US81762P1021) was trading at EUR 118.03 at Lang & Schwarz on October 1, 2026 at 11:14 a.m. CEST, down 0.13 percent versus the prior close of EUR 118.18. According to MarketBeat on September 21, 2026, Deutsche Bank raised its ServiceNow price target from USD 135.00 to USD 155.00 and kept a buy rating.

Deutsche Bank lifts the target

The target move gives the current analyst narrative a more constructive reference point, but it does not change the fact that the target is stated in US dollars while the reference quote for German investors is in euros. MarketBeat also reported that Deutsche Bank's target revision came alongside broader analyst coverage of ServiceNow.

According to MarketBeat on September 22, 2026, 42 brokerages gave ServiceNow a Moderate Buy consensus, with 36 buy ratings and an average 12-month price target of USD 146.51. The range of published targets from USD 140.00 to USD 174.00 shows that the consensus masks a wide spread of views.

Revenue growth remains measurable

ServiceNow reported USD 3.99 billion in revenue for the second quarter of 2026, up 24.00 percent from the same quarter a year earlier, according to MarketBeat. Adjusted earnings reached USD 0.90 per share, compared with a consensus estimate of USD 0.86, while revenue exceeded the USD 3.93 billion estimate.

The latest quarter therefore offers two separate comparison points: revenue grew 24.00 percent year over year, and adjusted earnings per share exceeded consensus by USD 0.04. ServiceNow's current investment case rests on maintaining that enterprise software growth while converting artificial intelligence demand into recurring subscription revenue.

Results date sets the next test

MarketBeat lists October 28, 2026 as ServiceNow's next reporting date, with the announcement scheduled after the market close. The earnings release will give investors a new comparison against the USD 3.99 billion revenue base from the second quarter.

EUR 118.03 at Lang & Schwarz

ServiceNow was trading at EUR 118.03 at Lang & Schwarz on October 1, 2026 at 11:14 a.m. CEST, down 0.13 percent versus the Lang & Schwarz prior close of EUR 118.18 on September 30, 2026. The primary listing is on the NYSE in US dollars, and the stock's 52-week range was USD 81.24 to USD 192.97 as of September 30, 2026, with market capitalization of USD 138.5 billion.

The further course of trading is shown by the continuously updated real-time quote of ServiceNow stock.