Citigroup initiated an "upside 30-day catalyst watch" for ServiceNow. The firm maintained its Buy rating and set a price target of $250.60.
Citigroup anticipates strong quarterly results, citing positive channel checks. These checks indicated a "strong close" to the previous quarter and a promising pipeline for fiscal year 2026. The positive outlook stems from a potential year-end budget flush from customers.
ServiceNow is scheduled to announce its fourth-quarter and full-year 2025 financial results on January 28, 2026. The company’s stock has recently attracted investor attention, with several analysts adjusting price targets in early January. The consensus remains largely positive ahead of the earnings release.