ServiceNow rises after BofA lifts PT
NOW•ServiceNow shares rise after BofA price target increase
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.
