ServiceNow (NOW) Stock Gains 2.5% After Hours: Barclays Maintains $132 Target With 49% Upside Potential
ServiceNow shares rose 2.5% in after-hours trading following Atlassian's strong quarterly performance, with Barclays maintaining a Buy recommendation and a $132 price target, indicating 49% upside potential. The company's Q1 2026 revenue reached $3.77 billion, a 22.1% year-over-year increase, meeting analyst expectations.
ServiceNow shares jumped 2.5% in after-hours trading on the back of Atlassian's robust quarterly performance. The company's Q1 2026 revenue was $3.77 billion, a 22.1% increase from the previous year, and earnings per share were $0.97, meeting analyst expectations. Barclays analyst Raimo Lenschow maintained a Buy recommendation with a $132 price target, suggesting 49% upside potential. The stock has fallen from its 12-month peak of $211.48 to $88.40, near its 52-week low of $81.24. Analyst consensus is positive, with 32 out of 37 analysts recommending a Buy and a consensus price target of $138.06, indicating 56% upside potential.
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