On June 29, ServiceNow rose 3.25% in regular trading, trading at $101.135/share, with turnover of $296 million. The stock extended gains after rising over 6% in the prior session.

On the news front, the AI application software sector has continued to strengthen in recent sessions, with broad-based buying across names including Figma, Palantir, Adobe, Workday, Salesforce, and Datadog, reflecting sustained investor optimism toward AI application prospects. Additionally, Benchmark raised its price target on ServiceNow to $130 from $125 while maintaining a Buy rating. The stock carries an average analyst rating of Buy with a mean price target of $140.63, according to FactSet.

The rally is further underpinned by a series of recent partnership expansions. ServiceNow announced collaborations with IBM to help enterprises modernize legacy data for AI deployment, with Inspira Enterprise as a full-suite delivery partner deploying AI and cybersecurity capabilities globally, and with Hackett to accelerate ROI-driven AI transformation. ServiceNow's platform currently processes over 100 billion workflows annually.

(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.)