TLDR
- Shares of NOW increased 3.7% Tuesday, closing at $113.44 with approximately 17.5 million shares traded
- The company unveiled Autonomous Workforce and EmployeeWorks, two new AI-driven products
- ServiceNow formed a strategic alliance with NTT DOCOMO and StarHub for autonomous telecom roaming solutions
- Wall Street consensus rating stands at “Moderate Buy” with a mean price objective of $192.06
- Shares have declined 23.2% in 2026 and currently trade 45.8% beneath the 52-week peak of $208.94
Shares of ServiceNow (NOW) advanced 3.7% during Tuesday’s trading session, reaching an intraday peak of $114.92 before closing at $113.44. This represented a gain from the prior session’s close of $109.42.
Trading volume reached approximately 17.5 million shares throughout the day. This figure came in roughly 12% lower than the stock’s typical daily volume of about 19.9 million shares.
The upward movement suggested that investors were returning to the stock following an extended period of widespread selling pressure in enterprise software equities.
ServiceNow has fallen 23.2% year-to-date in 2026. The current price level represents a 45.8% discount to its 52-week high of $208.94, which was reached in July 2025.
This rebound follows a shifting market perspective regarding artificial intelligence’s potential threat to platforms such as ServiceNow. The company’s CEO has challenged the notion that AI will simply displace enterprise software providers, and certain market participants appear to be reconsidering their positions.
Five trading days prior to Tuesday’s advance, the stock had already posted a 4.3% gain following Nvidia’s Jensen Huang’s statement that AI would not destroy the enterprise software industry. That commentary triggered a wider recovery across companies including Zscaler (ZS) and CrowdStrike (CRWD).
New Products and a Telecom Win
On the product development front, ServiceNow introduced two fresh AI-enabled solutions: Autonomous Workforce and EmployeeWorks. Both offerings are designed to enhance workflow automation functionality for enterprise clients.
The firm also unveiled a strategic partnership with NTT DOCOMO and StarHub. This collaboration leverages ServiceNow CRM to provide autonomous roaming resolution for telecommunications customers — representing a tangible application beyond the company’s core IT service management domain.
Additionally, HCLTech received recognition as ServiceNow’s 2026 Partner of the Year, an accolade that signals ongoing strength in its partner-driven distribution strategy.
Financials and Analyst Views
ServiceNow’s latest quarterly earnings, disclosed on January 28th, delivered earnings per share of $0.92 — surpassing the $0.89 Street estimate by $0.03.
Quarterly revenue totaled $3.57 billion, exceeding the analyst projection of $3.53 billion. This represented a 20.7% year-over-year increase compared to the equivalent period last year. The firm reported a net profit margin of 13.16% alongside an 18.54% return on equity.
Wall Street analysts maintain diverse perspectives on the stock’s trajectory. Goldman Sachs has established a $216 price objective. BNP Paribas reduced its target from $186 down to $120 with a neutral stance. UBS assigned a $115 target.
The MarketBeat analyst consensus registers as “Moderate Buy” with a mean price target of $192.06. Among analysts covering NOW, 32 maintain Buy ratings, three hold Strong Buy recommendations, six rate it a Hold, and two assign Sell ratings.
The equity’s 50-day moving average stands at $125.70. Its 200-day moving average is positioned at $158.84.
Institutional ownership accounts for 87.18% of outstanding shares. Regarding insider transactions, CFO Gina Mastantuono divested 2,075 shares in December at $170 per share, while insider Kevin Thomas Mcbride sold 1,400 shares in February at $105.71.
Wall Street analysts project full-year earnings per share of $8.93 for the current fiscal year.
