Movement Alert｜ServiceNow Rises 3.09% in Regular Trading, AI Software Sector Rallies as Multiple Banks Raise Price Targets

Market Focus

09/23

On September 23, ServiceNow rose 3.09% in regular trading, reaching $141.24 per share, with turnover of $3.44 billion. The stock gained alongside a broad rally in AI application software names, with Palantir surging over 4%, Salesforce and Snowflake each climbing nearly 2%.

The move comes as multiple investment banks recently raised their price targets on ServiceNow. Deutsche Bank lifted its target to $155 from $135, BMO Capital adjusted to $150 from $118 while maintaining an Outperform rating, BTIG raised to $170 from $150 with a Buy rating, and BofA Securities moved its target to $150 from $130. The consensus mean price target among analysts polled stands at approximately $143.

Fundamentally, ServiceNow has been strengthening its enterprise AI positioning through a series of strategic partnerships. The company signed a 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. These developments reinforce the company's growth narrative in enterprise workflow automation and AI integration.

(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.)

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These developments reinforce the company's growth narrative in enterprise workflow automation and AI integration.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NOW","symbol_name":"ServiceNow","start_time":0,"source_url":"","article_id":"1187690731","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187690731","pubTimestamp":1790171749,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On September 23, ServiceNow rose 3.09% in regular trading, reaching $141.24 per share, with turnover of $3.44 billion. 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