ServiceNow Inc (NYSE:NOW) reported upbeat financial results for the first quarter after the market close on Wednesday.

ServiceNow posted first-quarter revenue of approximately $3.77 billion, beating the consensus estimate of $3.74 billion, according to Benzinga Pro. The software solutions company reported adjusted earnings of 97 cents per share for the quarter, narrowly beating analyst estimates of 96 cents per share.

"As new technologies create both opportunity and risk, our two decades of engineering combined with deep business context enable us to orchestrate and secure the agentic enterprise," said Bill McDermott, chairman and CEO of ServiceNow.

ServiceNow expects second-quarter subscription revenue of $3.815 billion to $3.82 billion, representing approximately 21% to 21.5% growth. The company sees full-year 2026 subscription revenue in the range of $15.74 billion to $15.78 billion.

ServiceNow shares dipped 12.4% to $90.26 in pre-market trading.

These analysts made changes to their price targets on ServiceNow following earnings announcement.

  • Piper Sandler analyst Rob Owens maintained ServiceNow with an Overweight rating and lowered the price target from $200 to $140.
  • BTIG analyst Allan Verkhovski maintained the stock with a Buy and cut the price target from $185 to $150.
  • Baird analyst Rob Oliver maintained ServiceNow with an Outperform rating and lowered the price target from $125 to $118.
  • Needham analyst Mike Cikos maintained the stock with a Buy and cut the price target from $155 to $115.
  • BMO Capital analyst Keith Bachman maintained ServiceNow with an Outperform rating and slashed the price target from $120 to $115.

Considering buying NOW stock? Here’s what analysts think:

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