Despite UBS lowering its price target on ServiceNow from $200 to $170 (maintaining a Buy rating) amid a sector sell-off, the company announced a major multi-year collaboration with OpenAI for advanced AI capabilities.
- The stock closed at $125.49, declining 1.43% in line with broader market trends.
- RBC reiterated its Outperform rating on the stock, setting a price target of $195.
- Q4 earnings are scheduled for January 28, with the average analyst target of $213.55 implying approximately 70% upside.