Microsoft, Alphabet, ServiceNow Price Targets, October 29 2026
Microsoft
Microsoft sells the Azure cloud, Office software and Windows. It also makes the Xbox. The company is based in Redmond, Washington. It reported fiscal first-quarter results after the close on Wednesday. Revenue came to $92.28 billion, 1.8% above the $90.61 billion consensus on StreetInsider. Adjusted earnings were $4.89 a share, 3.6% above the $4.72 expected. Azure drove the beat. Azure revenue grew 48% to $33.2 billion. Microsoft Cloud revenue grew 30% to $63.9 billion. Devices and consumer revenue shrank 3%.
Capital spending came to $45.2 billion in the quarter, including leased data center sites. Total revenue grew 19%.
Twenty-One Desks Raise or Reiterate on Microsoft
Billy Fitzsimmons of Piper Sandler kept Overweight and raised his target from $610 to $650 today, a Thursday. Mark Moerdler of Bernstein kept Outperform and raised his target from $662 to $722. Michael Turrin of Wells Fargo kept Overweight and raised his target from $725 to $750. Brad Reback of Stifel kept Buy and raised his target from $575 to $650. Patrick Walravens of Citizens kept Market Outperform and raised his target from $550 to $625.
Jackson Ader of KeyBanc kept Overweight and raised his target from $600 to $630. Keith Bachman of BMO kept Outperform and raised his target from $600 to $610. Raimo Lenschow of Barclays kept Overweight and raised his target from $600 to $610. John DiFucci of Guggenheim kept Buy and raised his target from $586 to $595. Brian Schwartz of Oppenheimer reiterated Outperform with a $625 price target. Brad Zelnick of Deutsche Bank reiterated Buy with a $600 price target.
More Microsoft Targets From Later Notes
Later notes the same day, logged by Newsfilter: Rishi Jaluria of RBC Capital reiterated Outperform with a $640 price target. Tyler Radke of Citi kept Buy and raised his target from $636 to $680. Gil Luria of DA Davidson kept Buy and raised his target from $550 to $650. Derrick Wood of TD Cowen kept Buy and raised his target from $625 to $650. Patrick Colville of Scotiabank kept Sector Outperform and raised his target from $625 to $650. Terry Tillman of Truist kept Buy and raised his target from $600 to $630. Yi Fu Lee of StoneX kept Buy and raised his target from $600 to $630.
StreetInsider carried three more that morning. Andrew Marok of Raymond James raised his target from $630 to $650. Adam Wood of Morgan Stanley raised his target from $600 to $650. Tal Liani of BofA raised his target from $600 to $630. Their ratings were in no free source.
One note gives its own reason. Moerdler wrote that his preview “dreamed of a scenario where Azure could accelerate into high 40’s,” per a post quoting the note. The other twenty gave no reason in a free source. Our guess, not taken from the notes: the 48% Azure growth lifted their estimates.
Microsoft’s Record on AnaChart
Microsoft draws 39 covering analysts on AnaChart. Their average target is $577.42, with a high of $725 and a low of $400. Ratings split 94.85% Buy and 5.15% Hold. AnaChart’s tracking shows 76.02% of Microsoft targets get met, after about 241 days on average. Schwartz has met 2 of his 7 targets on the stock, with an average potential upside of 17.35%.
Alphabet
Alphabet owns Google Search, YouTube and Google Cloud. It also holds stakes in other companies. The company is based in Mountain View, California. It reported third-quarter results after the close on Wednesday. Revenue came to $127.6 billion, 0.3% above the $127.22 billion consensus. Earnings were $2.12 a share, 29.8% below the $3.02 expected. A loss on equity stakes drove the miss. Alphabet booked an $8.66 billion loss on those holdings, which it says cut earnings by $0.55 a share.
Google Cloud revenue more than doubled to $30.71 billion. Search revenue grew 12% to $63.35 billion, and YouTube ads 9% to $11.21 billion. Capital spending reached $51.36 billion in the quarter. Free cash flow was negative $9.07 billion. Chief executive Sundar Pichai said Alphabet is “now on a half-trillion dollar revenue run rate.”
Twenty-Three Desks Move on Alphabet
Andrew Boone of Citizens downgraded Alphabet to Market Perform from Market Outperform today. Shyam Patil of Susquehanna kept Positive and lowered his target from $460 to $400. Gil Luria of DA Davidson kept Neutral and lowered his target from $350 to $300. Ross Sandler of Barclays kept Overweight and lowered his target from $425 to $405.
Justin Patterson of KeyBanc kept Overweight and lowered his target from $410 to $385. Mark Mahaney of Evercore ISI kept Outperform and lowered his target from $450 to $435. Brian Nowak of Morgan Stanley kept Overweight and lowered his target from $400 to $375. Scott Devitt of Rosenblatt kept Buy and lowered his target from $410 to $380. Michael Morris of Guggenheim reiterated Buy with a $450 price target. Maria Ripps of Canaccord reiterated Buy with a $450 price target. Jeffrey Wlodarczak of Pivotal Research reiterated Buy with a $475 price target.
More Alphabet Targets From Later Notes
Later notes the same day, logged by Newsfilter: Mark Shmulik of Bernstein kept Market Perform and lowered his target from $385 to $325. Doug Anmuth of JPMorgan kept Overweight and lowered his target from $425 to $375. Brad Erickson of RBC Capital kept Outperform and lowered his target from $425 to $400. Stephen Ju of UBS kept Neutral and lowered his target from $380 to $332. John Blackledge of TD Cowen kept Buy and lowered his target from $485 to $460.
Nat Schindler of Scotiabank kept Sector Outperform and lowered his target from $450 to $375. Ygal Arounian of Wedbush kept Outperform and lowered his target from $445 to $387. Youssef Squali of Truist kept Buy and lowered his target from $420 to $410. Thomas Champion of Piper Sandler kept Overweight and lowered his target from $400 to $345. Laura Martin of Needham reiterated Buy with a $450 price target.
StreetInsider carried two more. Ronald Josey of Citi set a $375 target. Justin Post of BofA lowered his target from $430 to $380. Their ratings, and Josey’s prior target, were in no free source.
None of the notes gave a reason in a free source. Our guess, not taken from the notes: the growth in capital spending and the negative free cash flow led the cuts and the Citizens downgrade.
Alphabet’s Record on AnaChart
Alphabet draws 38 covering analysts on AnaChart. Their average target is $420.24, with a high of $515 and a low of $310. Ratings split 82.9% Buy and 17.1% Hold. AnaChart’s tracking shows 91.35% of Alphabet targets get met, after about 221 days on average. Boone has met 39 of his 46 targets on the stock, with an average potential upside of 38.79%. Patterson has met 35 of 39, with an average potential upside of 19.12%.
ServiceNow
ServiceNow sells software that runs IT, HR and customer service workflows inside large companies. Subscriptions make up nearly all of its revenue. The company is based in Santa Clara, California. It reported third-quarter results after the close on Wednesday. Revenue came to $4.11 billion, 0.5% above the $4.09 billion consensus. Adjusted earnings were $1.00 a share, 2% below the $1.02 expected. Subscription revenue drove the beat, growing 21% to $3.99 billion.
The outlook came in light. ServiceNow guides fourth-quarter subscription revenue to $4.245 billion to $4.255 billion. StreetInsider puts the fourth-quarter revenue consensus at $4.36 billion. It also expects current remaining performance obligations to grow 18.5%. It raised its target for new AI contract value to $1.7 billion this year.
Twenty-One Desks Move on ServiceNow
Gregg Moskowitz of Mizuho kept Outperform and lowered his target from $170 to $165 today. Turrin of Wells Fargo kept Overweight and lowered his target from $190 to $175. Miller Jump of Truist kept Buy and lowered his target from $180 to $150. Derrick Wood of TD Cowen kept Buy and lowered his target from $165 to $160. Ader of KeyBanc kept Underweight and raised his target from $85 to $110.
DiFucci of Guggenheim reiterated Buy with a $175 price target. Walravens of Citizens reiterated Market Outperform with a $157 price target. Richard Davis of Canaccord reiterated Buy with a $145 price target. Kirk Materne of Evercore ISI reiterated Outperform with a $175 price target. Reback of Stifel reiterated Buy with a $160 price target. Fitzsimmons of Piper Sandler reiterated Overweight with a $175 price target.
More ServiceNow Targets From Later Notes
Later notes the same day, logged by Newsfilter: Steven Koenig of Macquarie kept Neutral and raised his target from $110 to $120. Samik Chatterjee of JPMorgan kept Overweight and raised his target from $150 to $160. Matthew Hedberg of RBC Capital kept Outperform and lowered his target from $176 to $165. Radke of Citi kept Buy and lowered his target from $170 to $157. Lee of StoneX kept Buy and lowered his target from $165 to $150.
Karl Keirstead of UBS kept Neutral and lowered his target from $150 to $140. Lenschow of Barclays kept Overweight and lowered his target from $160 to $152. Allan Verkhovski of BTIG kept Buy and lowered his target from $170 to $150. Schwartz of Oppenheimer reiterated Outperform with a $165 price target.
StreetInsider also carried Wood of Morgan Stanley lowering his target from $180 to $160. His rating was in no free source.
None of the notes gave a reason in a free source. Our guess, not taken from the notes: the light fourth-quarter outlook drove the cuts. The higher AI contract target may explain the raises from KeyBanc, Macquarie and JPMorgan.
ServiceNow’s Record on AnaChart
ServiceNow draws 37 covering analysts on AnaChart. Their average target is $151.65, with a high of $263 and a low of $85. Ratings split 88.44% Buy, 8.67% Hold and 2.89% Sell. AnaChart’s tracking shows 75.23% of ServiceNow targets get met, after about 135 days on average. Wood has met 37 of his 51 targets on the stock, with an average potential upside of 11.06%. Jump has met 5 of 8, with an average potential upside of 17.55%.
What the Performance Matrix Shows
Alphabet has the best met ratio of the three, and ServiceNow the lowest. A ServiceNow target that gets met lands in about 135 days. Several analysts cover two of the three names today, among them Turrin, Walravens, Ader, DiFucci, Reback and Fitzsimmons.
AnaChart tracks every price target against what happened to the stock afterward, desk by desk and analyst by analyst. The ticker pages linked above break out each record by analyst, firm and year. AnaChart’s full data set holds more than 760,000 analyst calls on more than 9,000 tickers, active and delisted. More than 680,000 carry a price target and more than 730,000 carry a rating. It is the second largest database of its kind. The raw file is available through the AnaChart store.
The previous update covered Robinhood, SoFi and NXP on October 28.
