ServiceNow (NYSE:NOW) Shares Up 9.1% – What’s Next?

Posted by Francis Steltz on Jun 1st, 2026

Shares of ServiceNow, Inc. (NYSE:NOW – Get Free Report) rose 9.1% during trading on Monday . The company traded as high as $139.20 and last traded at $135.6990. Approximately 67,787,679 shares traded hands during trading, an increase of 188% from the average daily volume of 23,565,865 shares. The stock had previously closed at $124.37.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: Software stocks, including ServiceNow, are moving higher after Nvidia’s Jensen Huang said AI is more likely to boost software demand than threaten it, easing a key investor concern and sparking sector-wide buying. ServiceNow, Adobe stocks jump as Nvidia’s new AI chip sparks software rally
Positive Sentiment: Commentary tied to ServiceNow’s AI positioning and “agentic AI” exposure is drawing fresh investor attention, reinforcing the stock’s momentum as a potential winner in the next phase of enterprise AI adoption. What Exactly Is Agentic AI, and Why Are Some Stocks Blowing Up Because of It? (NOW)
Positive Sentiment: Investor optimism is also supported by ServiceNow’s recent quarterly results, which beat revenue expectations, and by reports of increased institutional interest, including a large stake boost from Kentucky Retirement Systems. ServiceNow (NOW) Stock: Is Now the Time to Buy After Strong Q1 Performance?
Positive Sentiment: ServiceNow’s collaboration with AWS and expansion around governance for agentic AI is adding to the bullish long-term narrative that the company can benefit from enterprise AI spending. Here is Why ServiceNow (NOW) is One of the Best Future Tech Stocks According to Billionaires

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. FBN Securities cut their target price on ServiceNow from $160.00 to $120.00 in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on ServiceNow from $195.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Robert W. Baird cut their target price on ServiceNow from $125.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Wolfe Research set a $125.00 target price on ServiceNow in a research note on Thursday, April 23rd. Finally, UBS Group restated an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.85.

Read Our Latest Analysis on ServiceNow

ServiceNow Stock Up 9.1%

The business has a 50-day simple moving average of $98.05 and a two-hundred day simple moving average of $123.39. The stock has a market capitalization of $139.91 billion, a P/E ratio of 80.87, a PEG ratio of 2.05 and a beta of 0.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13.

ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Equities research analysts forecast that ServiceNow, Inc. will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 8,927 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $89.60, for a total value of $799,859.20. Following the sale, the insider directly owned 29,531 shares in the company, valued at $2,645,977.60. This represents a 23.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 16,445 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the sale, the director owned 30,090 shares in the company, valued at $2,712,312.60. This trade represents a 35.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 28,071 shares of company stock valued at $2,529,956. 0.34% of the stock is currently owned by insiders.

Institutional Trading of ServiceNow

Several large investors have recently made changes to their positions in NOW. Vanguard Group Inc. grew its holdings in shares of ServiceNow by 404.5% during the fourth quarter. Vanguard Group Inc. now owns 101,963,384 shares of the information technology services provider’s stock worth $15,619,771,000 after purchasing an additional 81,752,460 shares during the last quarter. State Street Corp grew its holdings in shares of ServiceNow by 406.6% during the fourth quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock worth $7,337,280,000 after purchasing an additional 38,441,898 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of ServiceNow by 371.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock worth $4,962,692,000 after purchasing an additional 25,517,218 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ServiceNow by 404.8% during the fourth quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock worth $3,591,425,000 after purchasing an additional 18,854,775 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of ServiceNow by 335.6% during the fourth quarter. Morgan Stanley now owns 22,733,483 shares of the information technology services provider’s stock worth $3,482,543,000 after purchasing an additional 17,514,679 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

About ServiceNow

(Get Free Report)

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.