KeyBanc Reiterates Service Now’s (NOW) Underweight Rating
Key takeaways
- Key Banc Reiterates Service Now’s (NOW) Underweight Rating Catherine Talavera Sat, May 9, 2026 at 9:51 PM GMT+7 2 min read NOW Service Now Inc.
- On May 4, Service Now held its Financial Analyst Day, where its CEO, Bill Mc Dermott, announced a target of $30 billion in subscription revenue by 2030.
- Additionally, the company is targeting to operate on a rule of 60 or higher by 2030, a benchmark in which the revenue growth rate plus its profit margin equals 60 or higher.
Key Banc Reiterates Service Now’s (NOW) Underweight Rating Catherine Talavera Sat, May 9, 2026 at 9:51 PM GMT+7 2 min read NOW Service Now Inc. (NYSE:NOW) is one of the Best American AI Stocks to Buy Now. On May 5, Key Banc reiterated an Underweight rating on Service Now and set an $85 price target on the stock following the company’s financial analyst day, according to a report by Investing.com.
On May 4, Service Now held its Financial Analyst Day, where its CEO, Bill Mc Dermott, announced a target of $30 billion in subscription revenue by 2030. Keybanc highlighted that this represents a 17.5% compound annual growth rate from 2027 through 2030 based on the midpoint of 2026 guidance.
Additionally, the company is targeting to operate on a rule of 60 or higher by 2030, a benchmark in which the revenue growth rate plus its profit margin equals 60 or higher.