On July 29, ServiceNow rose 3.25% in regular trading, trading at $113.79/share, with turnover of $523 million, extending a multi-session advance driven by strong fundamentals and favorable sector dynamics.

The rally continues to be fueled by the company's Q2 earnings report, which beat expectations across the board. Adjusted EPS came in at $0.90, exceeding the consensus estimate of $0.85 by approximately 6%. Revenue reached $3.987 billion, up 24% year-over-year, while full-year subscription revenue guidance was raised to $15.76 billion–$15.78 billion. Following the results, Evercore ISI raised its target price to $160, HSBC to $179, and Jefferies to $140.

Additionally, ongoing fund rotation from semiconductor stocks into SaaS names has provided a supportive tailwind. The company also 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 HR and risk management workflows, further reinforcing market confidence in its growth trajectory.

(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.)