Movement Alert｜ServiceNow Rises 3.19% in Pre-Market Trading as Investment Banks Raise Price Targets

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On October 12, ServiceNow rose 3.19% in pre-market trading, trading at $145.0, with turnover of $19.23 million.

The move follows a wave of analyst price target increases. Barclays raised its target from $134 to $160, Argus Research from $134 to $170, Stifel from $120 to $160, and Cantor Fitzgerald to $174.

UBS noted stable-to-improving demand ahead of third-quarter results, citing rising interest in AI products such as AI Control Tower and potential upside from security and governance offerings. Growth is being driven mainly by renewals, expansions, and adoption of usage-based pricing among existing customers. ServiceNow is scheduled to report third-quarter earnings on October 28, with consensus EPS expected at $0.56.

(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.)

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