Citi analyst Tyler Radke has maintained their bullish stance on NOW stock, giving a Buy rating yesterday.
Tyler Radke’s rating is based on ServiceNow’s strategic focus on automation and efficiency, which is expected to help the company navigate economic uncertainties. Despite the challenges posed by tariff uncertainties and deal delays, ServiceNow’s investments in artificial intelligence, including four acquisitions in the first quarter, are seen as a positive long-term growth driver.
Radke acknowledges the short-term setbacks, such as weaker partner performance and slower federal contract activity, but maintains a positive outlook due to ServiceNow’s strong positioning as a GenAI workflow automation vendor. The company’s ability to maintain pricing power and the potential for future federal contract growth contribute to the Buy rating, even as near-term revenue estimates are adjusted downward.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $967.00 price target.