ServiceNow Surges 1.16% on $2.11B Volume Rank 35th as Analysts Back 'Moderate Buy' Amid Strategic AI Alliances

Generado por agente de IAAinvest Market Brief
miércoles, 13 de agosto de 2025, 9:02 pm ET1 min de lectura
NOW--

On August 13, 2025, ServiceNowNOW-- (NOW) rose 1.16% with a trading volume of $2.11 billion, ranking 35th in daily activity. Analysts highlighted a "Moderate Buy" consensus rating, supported by 29 buy ratings, 3 holds, and 1 sell, alongside a $1,115.20 average price target. OppenheimerOPY-- upgraded its price objective to $1,150, while RBC Capital raised its target to $1,200 following strong Q1 results and a "conservative" outlook.

Recent developments included a $750 million investment in Genesys and a $1.5 billion joint commitment from SalesforceCRM-- and ServiceNow in Genesys, underscoring strategic AI and workflow partnerships. Institutional ownership at 87.18% reflected confidence, though insider sales of $5.58 million in the last 90 days indicated mixed sentiment. The stock’s 107.43 P/E ratio remained elevated compared to sector and market averages.

A backtest of a strategy buying the top 500 stocks by volume from 2022 to 2025 showed a 31.52% total return over 365 days, with a 0.98% average daily gain. The approach peaked at 7.02% in June 2023, capturing short-term momentum amid market fluctuations.

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