On September 3, ServiceNow rose 3.21% in regular trading, trading at $141.84/share, with turnover of $98.59 million. The stock staged a technical rebound after two consecutive sessions of approximately 3% pullback that followed a cumulative gain of over 12% the prior week.

The earlier rally was driven by Salesforce's strong Q2 results, with revenue of $11.35 billion and adjusted EPS of $5.90, both significantly beating expectations, which lifted the broader AI application software sector. On the fundamental side, ServiceNow recently signed a strategic collaboration agreement with Aramco Digital to advance large-scale AI-driven enterprise transformation, and expanded its partnership with Tech Mahindra to deploy production-ready enterprise AI at scale. Multiple investment banks have raised their price targets, with Wells Fargo lifting its target to $175 from $160 while maintaining an Overweight rating, and BofA Securities adjusting its target to $150 from $130. However, executive Jacqueline P. Canney sold 7,847 shares on August 28, cashing out approximately $1.08 million, which has weighed somewhat on short-term sentiment.

(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.)