ServiceNow gains as Bank of America turns more bullish on its AI momentum
+2.27% to $147.99 from $144.71
What moved NOW
- ServiceNow shares rose in premarket trading after Bank of America raised its price target on the stock, citing the company’s AI momentum.
- ServiceNow has topped $1 billion in AI annual contract value and raised its full-year subscription revenue guidance to a range of $15.76 billion to $15.78 billion.
- The move also reflected a broader re-rating of enterprise software stocks tied to accelerating AI adoption.
Sources: TheStreet · TradingKey