ServiceNow Jumps After Wall Street Shifts AI View
ServiceNow shares surged 8.8% to $103.42 Monday after Bank of America reinstated coverage with a Buy rating and $130 target. Volume hit 50.74 million shares, nearly double the average. The move contrasted with a broader tech selloff as the Nasdaq fell 0.51%. ServiceNow remains down about a third this year despite strong Q1 subscription revenue and raised guidance.