Movement Alert|ServiceNow Overnight Rise 3.04%, Multiple Investment Banks Raise Price Targets Amid AI Momentum

Market Focus
Sep 14

On September 14, ServiceNow rose 3.04% overnight, trading at approximately $136.56 per share, with turnover of $8.63 million.

The rally comes amid a wave of analyst upgrades. BMO Capital raised its price target on ServiceNow to $150 from $118, maintaining an Outperform rating. BTIG lifted its target to $170 from $150, keeping a Buy rating. Earlier, BofA Securities adjusted its target to $150 from $130, while Wells Fargo set a target of $175. According to FactSet, the consensus average price target stands near $143, with an average Buy rating, reflecting broad institutional confidence in the company's trajectory.

On the business front, ServiceNow recently signed a strategic collaboration agreement with Aramco Digital to advance large-scale AI-driven enterprise transformation. The company also launched its Action Fabric feature, enabling external AI agents to connect to its platform on a usage-based billing model, further clarifying its AI monetization pathway. Additionally, bullish sentiment has been evident in the options market, with over $5 million in call-heavy positioning targeting upside through mid-term expiries.

(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.)

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