On July 27, ServiceNow rose 3.37% in regular trading, trading at $102.48/share, with turnover of $144 million. The stock continued its post-earnings momentum as multiple catalysts reinforced bullish sentiment.

On the news front, the company recently reported Q2 adjusted EPS of $0.90, beating the consensus estimate of $0.85 by approximately 6%. Revenue reached $3.987 billion, up 24% year-over-year, also surpassing expectations of $3.93 billion. The company raised its full-year subscription revenue guidance to $15.76 billion to $15.78 billion, driven by sustained AI-powered software demand.

Following the results, multiple investment banks raised their target prices: Evercore ISI to $160, HSBC to $179, and Jefferies to $140. Meanwhile, the broader systems software sector traded higher, with Microsoft up 2.73%, Oracle up 2.60%, and Palo Alto Networks up 1.70%, providing additional sector tailwinds. Analysts noted that ServiceNow is positioned to differentiate itself from traditional software peers facing AI disruption risks.

(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.)