BTIG Cuts ServiceNow Price Target to $185 on FY26 Revenue Growth Guidance Despite AI Wins

24/7 Wall St.·low signal

Despite ServiceNow's Now Assist hitting $1B ACV, BTIG analyst cut the price target to $185, scrutinizing FY26 revenue growth guidance. This highlights the tension in the SaaS Awakening: AI products are growing fast, but core platform growth is moderating and Wall Street wants both. For builders evaluating ServiceNow's ecosystem, the analyst signal suggests the stock may face pressure even as the AI product succeeds — a pattern to watch across SaaS incumbents monetizing AI.