On October 29, ServiceNow fell 5% in After-Hours Trading, trading at $137.56/share, with turnover of $95.34 million.

The most recent developments showed ServiceNow and OpenAI expanding their partnership to bring more AI models and agents into ServiceNow products and enterprise workflows. Earlier, the company also broadened its Google Cloud partnership, connecting industry workflows with Gemini Enterprise and extending agentic AI integrations across IT, retail, sales and telecommunications use cases.

However, recent market reaction indicated that investors were treating these announcements as longer-term AI commercialization catalysts rather than immediate earnings re-rating drivers. Supporting that cautious tone, Evercore ISI cut its price target on ServiceNow to $160 from $175, even as broader analyst sentiment remained constructive with FactSet-tracked consensus still at Buy and mean targets around the high-$150s.

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