On September 14, ServiceNow rose 3.21% in pre-market trading, trading at $137.99/share, with turnover of $7.70 million. The rally comes as multiple Wall Street firms have issued upward target price revisions, reinforcing bullish sentiment around the stock.
Needham raised its target price on ServiceNow from $115 to $155 while maintaining a Buy rating. BMO Capital adjusted its target from $118 to $150, keeping an Outperform rating. BTIG lifted its target from $150 to $170 with a Buy rating. BofA Securities also raised its target to $150 from $130. According to FactSet, ServiceNow carries an average analyst rating of Buy with a mean target price of approximately $143.
On the fundamental side, ServiceNow recently signed a strategic partnership with Aramco Digital to drive AI-powered enterprise transformation at scale. The company also launched Action Fabric, a feature enabling external AI Agents to access its platform and execute operations, with a usage-frequency-based billing model that further clarifies its AI monetization pathway.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)