Movement Alert|ServiceNow Rises 3.09% in Regular Trading, BofA Securities Raises Price Target to $150

Market Focus
Aug 19

On August 19, ServiceNow rose 3.09% in regular trading, trading at $122.55/share, with turnover of $225 million, significantly outperforming the broader Systems Software sector.

On the news front, BofA Securities raised its price target on ServiceNow from $130 to $150. According to FactSet, the stock currently carries an average analyst rating of Buy with a consensus price target of $141.21. Earlier, Wells Fargo had also raised its target from $160 to $175 while maintaining an Overweight rating, forming a pattern of consecutive institutional upgrades.

The move stands in sharp contrast to the broader sector, which weakened on the day. Among peers, NEBIUS fell 9.75%, CrowdStrike declined 3.91%, Palo Alto Networks dropped 2.81%, Oracle slid 1.06%, and Microsoft edged down 0.13%. ServiceNow demonstrated clear relative strength amid the sector-wide pullback, supported by accumulating bullish institutional sentiment.

(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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