Goldman Sachs removed ServiceNow (NYSE: NOW) from its US Conviction List on August 3, 2026. This monthly update signals a shift in the investment bank's highest-conviction recommendations.
Goldman Sachs maintained its Buy rating on ServiceNow shares despite the removal. The change stems from a broader reshuffle focused on a broadening market investment theme.
The bank added six companies, including Microsoft, while removing ServiceNow and three other stocks. ServiceNow shares rose following the update as investors focused on strong recent earnings and AI-driven growth.