On July 28, ServiceNow rose 3.24% in regular trading, trading at approximately $108.54 per share with turnover of $8.71 billion, extending its post-earnings rally.

The continued upside is driven by the company's recently reported Q2 results that beat expectations across the board. Adjusted EPS came in at $0.90, topping the consensus estimate of $0.85 by nearly 6%, while revenue reached $3.987 billion, up 24% year-over-year. The company also raised its full-year subscription revenue guidance to $15.76 billion to $15.78 billion. Following the strong print, multiple investment banks raised their price targets: Evercore ISI lifted its target to $160 from $150 maintaining an Outperform rating, HSBC raised to $179, and Jefferies increased to $140.

Additionally, ServiceNow recently announced a multi-year strategic partnership with TeamViewer to integrate remote connectivity solutions into its AI platform, and expanded its AI platform agreement with Experian for automated business operations. These catalysts collectively sustained buying momentum in the stock.

(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.)