ServiceNow stock rises after Goldman initiates coverage as CPI, earnings near
New York, Jan 12, 2026, 20:16 EST — The market has closed. ServiceNow shares rose 0.6% to $142.64 in late Monday trading. Goldman Sachs kicked off coverage with a Buy rating and set a $205 price target — that’s the analyst’s forecast for where the stock might trade over the next year. (Investing.com) The timing is crucial as big-cap software stocks have been tossed around by shifting rate expectations and renewed “show me” skepticism before earnings. Traders pricing in prolonged higher rates usually discount high-growth names, given their cash flows are projected further into the future. The rate outlook changed