On October 16, ServiceNow rose 3.43% in Regular Trading, trading at $152.555, with turnover of $201 million.

The move was supported by two closely timed catalysts: a fresh target-price increase to $170 from $140 and the company’s launch of new AI governance products, which strengthened expectations for valuation recovery and favorable third-quarter execution.

Recent analyst actions have turned more constructive ahead of ServiceNow’s October 28 earnings report, with multiple firms lifting targets in quick succession, including $175, $170, $165 and $160 levels cited over the past several sessions. Separately, ServiceNow unveiled AI Passport, shadow AI detection and AI Cost Management, with expected availability in Q4. AI Passport uses cryptographically signed credentials to define and enforce what AI agents can access and do in real time, and the company said it is building a production-ready implementation with Nvidia’s Open Agent Safety Platform.

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