ServiceNow Inc. ($NOW) Stock Forecast: Up 14.8% Today

What is ServiceNow Inc.?

ServiceNow (NOW) is a leading AI-embracing software company specializing in cloud computing services for digital workflow management. The stock experienced a notable bullish trend today amidst market dynamics.

Why is ServiceNow Inc. going up?

NOW stock is up 14.8% on May 29, 2026 15:41

• ServiceNow's stock demonstrated strong upward momentum following the Chief Marketing Officer's decision to leave for OpenAI, capturing investor interest and driving positive market sentiment.
• Despite trading at a lower forward price-to-sales ratio in comparison to Palantir, ServiceNow's growth outlook faced competition from Palantir's projected revenue growth, resulting in a mixed response from investors.
• Furthermore, Wipro witnessed a surge in its stock price post an expanded collaboration with ServiceNow, reflecting favorable market views on AI-focused partnerships that aim to enhance operational efficiencies.
• In summary, ServiceNow's bullish performance today can be attributed to both internal advancements and external collaborations, reflecting investor confidence in the company's future prospects.

NOW Price Chart

NOW Technical Analysis

NOW News

ServiceNow Stock Is Trending Higher After CMO Joins OpenAI

ServiceNow shares are trending higher after its Chief Marketing Officer, Colin Fleming, announced he is leaving the company to join OpenAI's business division as its CMO. Fleming's departure and move to OpenAI has drawn investor attention, with ServiceNow's stock showing improved momentum despite a long-term repair job indicated by its trading below the 200-day SMA. The article details ServiceNow's technical analysis, including support and resistance levels, and highlights the stock's recent price action.

https://www.benzinga.com/trading-ideas/movers/26/05/52874713/servicenow-stock-is-trending-higher-after-cmo-joins-openai

Palantir Trades at 42 Times Forward Sales. ServiceNow Trades at 6 Times Forward Sales. One of These Is the Obvious Buy.

This article compares the valuations of Palantir Technologies (PLTR) and ServiceNow (NOW), two AI-embracing software companies. While ServiceNow trades at a lower forward price-to-sales ratio of 6 compared to Palantir's 42, the author argues that Palantir is the better buy due to its significantly higher growth potential in both government contracts and commercial business, boosted by expanding military applications and rapid deal closures. Despite ServiceNow's solid performance, its growth rate is not expected to match Palantir's accelerating revenue projections.

https://finance.yahoo.com/markets/stocks/articles/palantir-trades-42-times-forward-114000920.html

Telligent Fund LP Sells 3,000 Shares of Oracle Corporation $ORCL

Telligent Fund LP reduced its stake in Oracle Corporation by 16.7% in the fourth quarter, selling 3,000 shares but still holding 15,000 shares valued at approximately $2.924 million. Despite this sale, many other institutional investors increased their Oracle holdings, and institutions collectively own 42.44% of the company's stock. Oracle recently exceeded quarterly earnings and revenue expectations, and analysts currently rate the stock as a "Moderate Buy" with an average target price of $261.46.

https://www.marketbeat.com/instant-alerts/filing-telligent-fund-lp-sells-3000-shares-of-oracle-corporation-orcl-2026-05-29/

HubSpot, Inc. $HUBS Position Lifted by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co significantly increased its stake in HubSpot, Inc. (HUBS) by 107.2% in the fourth quarter, now owning 34,979 shares valued at $14 million. This increased institutional investor ownership to approximately 90.39%. Despite the stock being down 1.4% and trading below its moving averages, analysts maintain a "Moderate Buy" consensus rating with an average price target of $311, following strong quarterly results that exceeded expectations.

https://www.marketbeat.com/instant-alerts/filing-hubspot-inc-hubs-position-lifted-by-ilmarinen-mutual-pension-insurance-co-2026-05-29/

Wipro shares jump 5% after ADRs rally 18% overnight on AI deal with ServiceNow

Wipro's shares surged nearly 5% in early trade after its American Depositary Receipts (ADRs) rallied 18.54% on the NYSE. This surge followed the announcement of an expanded partnership with ServiceNow to integrate Wipro's Intelligence suite with the ServiceNow AI Platform, aiming to scale agentic AI workflows across various enterprise functions. The collaboration focuses on automating tasks, improving operational visibility, and reducing manual coordination for clients.

https://www.fortuneindia.com/markets/wipro-shares-jump-5-after-adrs-rally-18-overnight-on-ai-deal-with-servicenow/140294

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ServiceNow Inc. Price History

29.04.2026 - NOW Stock was up 8.7%

• Following an extended partnership announcement with Wipro to incorporate AI workflows, NOW saw a notable uptrend in its stock price, showcasing potential growth prospects and heightened market demand for its services.
• The rise in Wipro's ADRs, influenced by the collaboration with ServiceNow, likely bolstered investor confidence in NOW, reflecting a broader industry shift towards AI integration for operational enhancements.
• The positive market performance of tech giants like Wipro and Oracle, along with other firms integrating AI workflows, implies a growing industry belief in leveraging AI technologies for business advancement. This trend benefits companies such as NOW, positioning them for success in the evolving tech landscape.

29.04.2026 - NOW Stock was up 14.8%

• ServiceNow's stock demonstrated strong upward momentum following the Chief Marketing Officer's decision to leave for OpenAI, capturing investor interest and driving positive market sentiment.
• Despite trading at a lower forward price-to-sales ratio in comparison to Palantir, ServiceNow's growth outlook faced competition from Palantir's projected revenue growth, resulting in a mixed response from investors.
• Furthermore, Wipro witnessed a surge in its stock price post an expanded collaboration with ServiceNow, reflecting favorable market views on AI-focused partnerships that aim to enhance operational efficiencies.
• In summary, ServiceNow's bullish performance today can be attributed to both internal advancements and external collaborations, reflecting investor confidence in the company's future prospects.

20.04.2026 - NOW Stock was down 9.3%

• A reduction in stake by Lazard Freres Gestion S.A.S. in Adobe Inc. may have influenced a negative market sentiment, impacting tech stocks like NOW, Inc.
• Marathon Asset Management Ltd also divested shares of Autodesk, Inc., signaling a trend of decreased confidence in tech companies, potentially affecting overall market sentiment.
• Despite positive quarterly results, insider selling at Adobe Inc. and Autodesk, Inc. could have raised investor concerns, leading to a broader sell-off in tech stocks, including NOW, Inc.
• An increase in stake in Salesforce Inc. by Envestnet Portfolio Solutions Inc. and Fideuram Intesa Sanpaolo Private Banking S.P.A. underscores a diverse sentiment in the market, with some investors expressing confidence in specific tech companies while others are reducing their exposure.

18.04.2026 - NOW Stock was up 5.3%

• ServiceNow's bullish movement can be attributed to Bank of America restarting coverage with a Buy rating and a $130 price target, highlighting the company's potential to benefit from AI advancements in the software landscape.
• Despite concerns about AI disruption and a "SaaSpocalypse," ServiceNow's Q1 revenue growth of 22% and rising performance obligations have instilled confidence in investors, leading to the positive market movement.
• The surge in HIVE Digital Technologies and T1 Energy stocks, driven by social media speculation around Leopold Aschenbrenner's 13-F filing, might have influenced traders to seek out other tech-related stocks like ServiceNow, contributing to its bullish performance today.

19.04.2026 - NOW Stock was up 7.3%

• ServiceNow Inc. (NOW) saw a significant 5.9% increase in its stock price, outperforming the market.
• Analyst recommendations and positive earnings outlook contributed to the bullish movement.
• The overall positive sentiment towards tech stocks like ServiceNow, coupled with strong Q1 earnings reports from companies like TOYO Co., Ltd, contributed to the bullish market movement.
• Despite the decline in S&P 500 futures and lagging performances of other companies, ServiceNow stood out with its impressive gains, showcasing investor confidence in the company's growth prospects.

28.04.2026 - NOW Stock was up 6.7%

• ServiceNow's collaboration with Snowflake, in which Snowflake provides data for ServiceNow's AI workflows, contributed to a 4.6% surge in the stock today. This underscores the strength of their partnership and the positive market sentiment towards it.
• Investor confidence in ServiceNow received a boost with a recent "Buy" rating from Bank of America, emphasizing the importance of ServiceNow in enterprise operations and its beneficial integration with AI technologies.
• Despite facing competition in the AI sector from tech giants like Microsoft and Salesforce, ServiceNow's strategic focus on enhancing AI-native offerings and venturing into cybersecurity is crucial for maintaining its growth and competitive position.
• ServiceNow's positive performance today may also be influenced by the growing adoption of AI in the US market, although challenges related to uneven distribution exist, affecting market sentiment towards AI-driven companies like ServiceNow.

28.04.2026 - NOW Stock was up 5.3%

• The bullish movement in ServiceNow's stock today can be attributed to a significant increase in stake by Huntington National Bank in the company by 397.1% in the fourth quarter, indicating strong institutional confidence in its growth prospects.
• The deepening AI partnership between Wipro and ServiceNow to automate enterprise workflows could have also positively influenced investor sentiment, as it demonstrates ServiceNow's commitment to innovation and staying ahead in the AI competition.
• Despite facing competition from tech giants in the AI space, ServiceNow's strategic focus on developing AI-native offerings and expanding into cybersecurity has likely reassured investors about its ability to sustain growth amid rising competition.
• Overall, the market seems optimistic about ServiceNow's future revenue growth potential, as analysts project a 21.88% increase in revenue for 2026, despite the stock experiencing a decline year-to-date.

28.04.2026 - NOW Stock was up 5.6%

• Huntington National Bank and Bleakley Financial Group LLC both significantly increased their stakes in ServiceNow, Inc., signaling confidence in the company's future prospects.
• Analysts have a positive outlook on ServiceNow, with a consensus "Moderate Buy" rating, following the company meeting earnings expectations.
• The overall bullish movement in ServiceNow's stock could be attributed to the increasing institutional investments, positive analyst sentiment, and the ongoing discussions about AI's impact on the company's business model, despite concerns about AI disruption and insider selling affecting investor sentiment.

22.04.2026 - NOW Stock was up 5.7%

• ServiceNow's upward trend could be linked to opinions from market analysts discussing the software stocks' volatility and the optimistic sentiment surrounding the industry.
• Another factor that might have played a role in ServiceNow's rise is the certification of Pathlock solutions by SAP, potentially increasing confidence in ServiceNow due to both companies' focus on digital transformation and security.
• Investors, despite concerns raised in recent commentaries about market challenges impacting even robust stocks, seemed to emphasize ServiceNow's resilience and growth prospects under the current conditions.
• The positive overall outlook on tech-related stocks, as evident from various recommendations in the media, including those for IBM and ServiceNow by CNBC, could have influenced ServiceNow's bullish movement.

15.04.2026 - NOW Stock was up 9.6%

• ServiceNow exhibited strong bullish momentum today.
• The positive movement is linked to an announcement of a long-term partnership with Experian to incorporate advanced AI capabilities into ServiceNow workflows aimed at accelerating decision-making in critical areas such as onboarding and risk management.
• Favorable market sentiment towards technology stocks, influenced by Cisco Systems' strong earnings and revised revenue outlook, likely contributed to the upward trajectory of ServiceNow's stock.
• Despite encountering some market misconceptions regarding the implications of AI, ServiceNow's robust fundamentals, including impressive subscription growth and high renewal rates, position the company well for future expansion, reinforcing investor trust and propelling the bullish market activity.

15.04.2026 - NOW Stock was up 5.0%

• The bullish movement in ServiceNow's stock today may be connected to the announcement of a multi-year AI automation partnership with Experian, demonstrating the company's dedication to innovation and broadening its service offerings.
• Despite some concerns about overvaluation and relative underperformance within its sector, ServiceNow's strategic acquisitions, strong renewal rates, and platform penetration are fueling revenue growth and market expansion.
• The favorable tech sector sentiment, influenced by Cisco Systems' robust earnings and improved revenue projections, likely played a role in the overall positive trend in ServiceNow's stock price today.
• Investors display confidence in ServiceNow's potential to capitalize on AI technologies for quicker decision-making and scaling AI deployments, positioning the company for continuous growth and competitive advantage in the market.

14.04.2026 - NOW Stock was up 5.2%

• ServiceNow's partnership with Accenture to launch an engineering program for agentic AI integration showcases the company's commitment to advancing AI capabilities, which likely contributed to investor optimism and drove the bullish movement in the stock.
• The significant increase in stake by World Investment Advisors and Atlantic Union Bankshares Corp indicates growing confidence in ServiceNow's future prospects, particularly after the company reported strong Q1 earnings and provided an optimistic outlook for accelerated growth.
• The positive analyst sentiment and average price target above the current value of the stock further support the bullish trend, as investors anticipate continued profitability and expansion in ServiceNow's market presence.
• Overall, the strategic initiatives, positive earnings reports, and increased investor interest in ServiceNow have propelled the stock to a bullish trajectory, reflecting the market's confidence in the company's AI-driven growth strategy and financial performance.