NEW YORK, July 7, 2026, 09:05 EDT
- ServiceNow NYSE:NOW traded at $111.22 in premarket action, rising 3.05% from Monday’s finish.
- The stock rose 1.51% Monday, trading at 57% of its 65-day average volume.
- The stock remains under its 200-day moving average with earnings up next on July 22.
ServiceNow NYSE:NOW moved up ahead of Tuesday’s open. Volume is more telling here for investors. The stock was up on Monday and ticked higher in the premarket, but it still hasn’t broken through the longer-term trend line overhead.
NYSE core trading was not open at the dateline. The exchange’s regular hours are 9:30 a.m. to 4 p.m. ET. NYSE records list the Independence Day close as Friday, July 3 on the 2026 holiday schedule, not Tuesday, July 7.
ServiceNow traded at $111.22 in premarket at 8:06 a.m. EDT, according to MarketWatch, up $3.29, or 3.05%. The stock ended Monday at $107.93, a 1.51% gain, with 16.52 million shares changing hands, which is 57% of its 65-day average volume. MarketWatch Benzinga quoted ServiceNow at $111.08 as of 8:26 a.m. EDT.
| ServiceNow tape check | Latest figure | Market read |
|---|---|---|
| Premarket quote | $111.22, +3.05% | Stock firm in premarket, hasn’t hit regular hours yet |
| Premarket volume | 426,280 shares | Tiny next to what moved on Monday |
| Monday close | $107.93, +1.51% | Chalk up three winning days in a row |
| Monday volume | 16.52 mln shares | Ran at 57% of 65-day average |
| 52-week range | $81.24-$210.20 | Nowhere near last year’s peak |
ServiceNow’s premarket quote was 10.9% higher than its 50-day moving average at $100.25, but it’s still trading 16% below the 200-day average of $132.45, Barchart data shows. Investors are watching this gap as they trade a rebound that hasn’t closed out the bigger slide yet.
| Reference point | Figure | Gap from $111.22 |
|---|---|---|
| 50-day average | $100.25 | Up 10.9% |
| 200-day average | $132.45 | Down 16.0% |
| 52-week high | $210.20 | Needs around 89.0% more |
ServiceNow is part of both the S&P 500 and the S&P 500 Information Technology index, so any swing in the stock means more than just a trade in one software name. Barchart.com On Monday, the stock outperformed: the S&P 500 ticked up 0.72%, Nasdaq added 1.12%, Dow climbed 0.29%.
The picture looked messier Tuesday. Nasdaq futures slipped 0.82% at 8:31 a.m. ET, pulled down by weaker chip stocks. Dow futures gained 0.29%. Reuters said Microsoft NASDAQ:MSFT, Salesforce NYSE:CRM and IBM NYSE:IBM were up in premarket trading.
Michael Field, chief equity strategist at Morningstar, told Reuters the markets are “something on a knife-edge going into earnings season.” Reuters Longbow Asset Management CEO Jake Dollarhide called Monday’s rally “very tenuous,” adding most of the gains have gone to tech and chip names, with many investors missing out. Reuters
Some analysts are still backing the stock. Stifel Nicolaus’s Brad Reback kept his Buy call on ServiceNow this week, holding the price target at $120, TipRanks said. TipRanks also listed the average analyst target at $140.53. TipRanks Guggenheim raised ServiceNow to Buy on July 1 and gave it a $125 target, according to Benzinga.
| Analyst marker | Date | Rating/target | Gap from $111.22 |
|---|---|---|---|
| Brad Reback at Stifel Nicolaus | July 7 | Buy, target at $120 | +7.9% |
| Guggenheim | July 1 | Buy, target set at $125 | +12.4% |
| Consensus from TipRanks | July 7 | Strong Buy, average target $140.53 | +26.4% |
This matters because the new $120-$125 targets now have less upside after the premarket move. The earlier selloff exaggerates the room left. If the stock opens higher, it could get close to those targets before ServiceNow reports.
ServiceNow is set to report its second-quarter results after the bell on July 22, with a call scheduled for 2 p.m. Pacific. ServiceNow Newsroom Back in April, the company guided for second-quarter subscription revenue between $3.815 billion and $3.820 billion, a 22.5% increase, and for full-year 2026 subscription revenue between $15.735 billion and $15.775 billion.
The company reported first-quarter subscription revenue up 22% to $3.671 billion. cRPO was up 22.5% at $12.64 billion. The number of Now Assist customers with over $1 million in annual contract value jumped more than 130%. CEO Bill McDermott said AI growth was “far exceeding” expectations. SEC
There’s still a hang-up in the numbers. ServiceNow said subscription growth for Q1 took a 75-basis-point hit because several big on-premise deals in the Middle East closed late. The company said Armis will add roughly 125 basis points to Q2 subscription revenue and cRPO growth, but will pressure 2026 margins.
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