The ServiceNow forecast February 2026 shows a critical bullish opportunity as the stock targets $850. As of today, ServiceNow trades at $820, up 2.5% from yesterday’s close. Compared to last week’s price of $805, the stock has gained 1.8%. The asset currently stands below its monthly high of $835 but remains above the low of $790, indicating a consolidating bullish trend.
ServiceNow Forecast February 2026 – Market Overview
ServiceNow has shown resilience in January 2026, with consistent upward momentum. Over the past three trading sessions, the stock has gained 3.2%, supported by strong volume of 5.8 million shares. The broader equity market rally, driven by strong earnings and AI-driven growth, has further bolstered ServiceNow’s performance.
Fundamental Analysis and Key Drivers
The primary catalyst behind ServiceNow’s recent surge is its leadership in generative AI tools, which are driving client growth and cash flow. According to Bloomberg reports, ServiceNow’s AI-driven solutions have increased enterprise adoption by 15% in Q1 2026. Additionally, the Federal Reserve’s dovish stance on interest rates has supported tech stocks, creating a favorable environment for growth.
This relates to our previous report on Badger Meter Analysis January 2026: $85 Critical Bullish Opportunity.
Recent economic data, including robust Q4 GDP growth of 2.8%, has further fueled investor optimism. Upcoming earnings announcements on February 15, 2026, are expected to provide further clarity on ServiceNow’s growth trajectory. Geopolitical stability and strong institutional inflows into the tech sector are also key drivers.
ServiceNow Technical Analysis Today
ServiceNow’s technical setup remains bullish, with key support levels at $800, $790, and $775. Resistance levels are identified at $835, $850, and $865. The RSI indicator currently reads 62, indicating bullish momentum without overbought conditions. As Reuters reports.
The MACD signal line is above zero, confirming positive momentum. A rising 50-day moving average at $810 and a 200-day moving average at $780 further support the bullish outlook. The stock is forming an ascending triangle pattern, suggesting a potential breakout above $850.
Related market movements were covered in Hut 8 Stock Forecast January 2026: $15 Critical Bullish Breakout.
Trading Outlook and Price Prediction
The ServiceNow forecast February 2026 remains strongly bullish, with a target of $850 in the near term. In a bullish scenario, the stock could rally to $900 by March 2026, driven by strong earnings and AI adoption. Conversely, a bearish scenario could see the stock retrace to $790 if macroeconomic conditions worsen.
Key risks include potential Fed rate hikes or a slowdown in AI adoption. Traders should monitor the earnings release on February 15, 2026, and the Fed’s policy meeting on February 28, 2026, for market direction.
