Piper Sandler adjusted its price target for ServiceNow (NOW) on Monday, January 5, 2026. The firm reduced the target to $200, down from the previous target of $230.
The report detailing the price target cut provided no specific reasoning for the change.
As of the announcement, widespread market analysis was unavailable to gauge a direct reaction to the news. ServiceNow (NOW) had closed down 3.75% in the prior trading session.