Cantor repeats “overweight” with ServiceNow (currently) amid explosive AI growth
ServiceNow, Inc. (NYSE:now) is one of AI is in the spotlight today. On July 28th, Canter Fitzgerald analyst Thomas Blakey repeated the “overweight” rating of the stock with a price target of $1,200.00. A positive review follows ServiceNow’s robust Q2 2025 performance.
The company reported better-than-expected second-quarter results and raised guidance for both the third-quarter and the full-year period. It shows great momentum in providing AI.
Notably, the Pro Plus business grew 50% quarterly, with Control Tower reaching year-round expectations within its first 60 days in the market. The company was also able to secure an annual contract value of $20 million in the second quarter.
Wall Street trading floors were mixed with activity as traders and financial analysts analyze the company’s impact on the market.
“ServiceNow reported an impressive 2Q25 with volatile software tapes. It has earned a full beat and raise. Success in large-scale trading and expansion continues, with ACV increasing by 30% Y/Y, and adjacent market efforts for CRM and data (fabric, Raptor DB) increasing. And now it has finished its biggest trading with ACV. ServiceNow runs a massive AI opportunity in the UI, Agent and Data perspective to maintain a 16x cy26 ev/nect by a epreme salary from a UI, Agent and Data perspective. Supported by the momentum of 2Q25.”
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Disclosure: None.