ServiceNow stock rises after Goldman initiates coverage as CPI, earnings near
ServiceNow shares rose 0.6% to $142.64 after Goldman Sachs initiated coverage with a Buy rating and a $205 price target. Traders now see a 95% chance the Fed will hold rates steady in January, as banks push expected U.S. rate cuts to late 2026. U.S. stocks hit record highs ahead of Tuesday’s inflation data and earnings season kickoff. ServiceNow will report Q4 and full-year 2025 results on Jan. 28.