On September 2, ServiceNow rose 3.06% in after-hours trading, trading at approximately 140.52 USD/share, with turnover of approximately $87.43 million. The rebound follows two consecutive sessions of roughly 3% declines after the stock had surged over 12% the prior week.

The prior-week rally was fueled by Salesforce's strong fiscal Q2 results — revenue of $11.35 billion and adjusted EPS of $5.90, both significantly beating expectations — which lifted the broader AI application software sector and renewed confidence in SaaS monetization. After sharp profit-taking pressure emerged in the September 1–2 sessions, the after-hours bounce suggests buyers are re-engaging at lower levels.

Fundamentally, ServiceNow recently signed a strategic AI collaboration agreement with Aramco Digital to drive large-scale AI-powered enterprise transformation and expanded its partnership with Tech Mahindra to deliver production-ready enterprise AI at scale. Multiple investment banks have raised price targets, with Wells Fargo lifting its target to $175 and Bank of America adjusting to $150, reinforcing the medium-to-long-term growth thesis. However, Chief People and AI Enablement Officer Jacqueline P. Canney sold 7,847 shares on August 28 for approximately $1.08 million, adding some near-term sentiment drag.

(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.)