ServiceNow shares jumped 8.5% in afternoon trading as investors bought the dip, betting the recent sell-off in software was overdone. The recovery was fueled by sector-wide technical stabilization and catalysts reinforcing the company's role as an AI control tower for large enterprises. The company announced ecosystem expansions including deeper integration with IBM's watsonx data stack, while Benchmark raised its price target to $130 and Raymond James highlighted a June 30 legacy pricing deadline that could pull forward subscription sales. ServiceNow remains down 34% year-to-date, trading at $97.30 per share, 53.4% below its 52-week high of $208.94.
ServiceNow IncBenchmark raised price target and Raymond James highlighted a pricing deadline that could pull forward sales.
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