ServiceNow rises after BofA lifts PT

ServiceNow

19/08/2026 16:20

** Enterprise software maker ServiceNow's NOW.N shares rise 6.4% to $127.16
** Brokerage BofA raises PT to $150 from $130; new PT represents a ~26% upside to the stock's last close
** BofA cites continued confidence in co's durable growth profile and AI monetization opportunity
** NOW's AI annual contract value surpassed $1 billion and remains on track to exceed the company's FY26 target of $1.5 billion, brokerage says
** Brokerage says co's ownership of enterprise workflow data positions it to benefit from adoption of agentic AI solutions
** 46 of 51 brokerages rate the stock "buy" or higher, three "hold" and two "sell"; their median PT is $140 - data compiled by LSEG
** Up to last close, stock has fallen ~17% this year

 (Reporting by Prathik Jayaprakash in Bengaluru)
 ((Prathik.Jayaprakash@thomsonreuters.com))