ServiceNow AI ACV Tops $1B as BofA Lifts Target to $150
NOW sits 59% above its 52-week low of $81.24.
Summary
ServiceNow's Q2 results are already known, but this recap adds new details: AI-related ACV surpassed $1B, agentic AI deployments grew 9x in nine months, and renewal rate hit 98%. Bank of America raised its price target to $150, citing AI upside. The company also expanded its partnership with Tech Mahindra to embed ServiceNow AI into IT operations. These AI metrics and the analyst target increase are incremental positives beyond the previously reported earnings beat.
At the time of this announcement, NOW was trading at $128.84 on NYSE in the Technology sector, with a market capitalization of approximately $132.8B. The 52-week trading range was $81.24 to $194.73. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.