On July 15, ServiceNow rose 3.37% in regular trading, trading at 108.57 USD/share, with turnover of $334 million. The stock rebounded sharply following the previous session's 7.33% sell-off triggered by IBM's earnings miss.

On the news front, UBS raised its price target on ServiceNow to $115 from $100 while maintaining a neutral rating. This follows Truist Securities' earlier target price increase to $130 with a buy rating. According to FactSet, the consensus analyst target price stands at approximately $140.55, implying significant upside from current levels.

The broader software sector staged a collective rebound after heavy selling pressure on July 14, when IBM reported Q2 revenue of $172 billion versus expectations of $178.6 billion, dragging peers including ServiceNow, Accenture, and Salesforce lower. Investors appear to be repricing fundamental expectations ahead of ServiceNow's Q2 earnings report scheduled for July 22 after market close, with consensus EPS estimated at $0.40.

(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.)