ServiceNow Stock Shines Amid AI Push and Bold Analyst Targets Ahead of Q3 Results
ServiceNow shares trade near $900, down 14% for the year and about 20% below their 52-week high. The company launched its “Zurich” AI platform update and secured major deals, including a U.S. government project and partnerships with NVIDIA and Genesys. Most analysts remain bullish, but some warn the stock’s valuation—over 100 times earnings—is high. CEO Bill McDermott sold $5.3 million in stock in August.