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

Generated by AI AgentAinvest Market Brief
Wednesday, Aug 13, 2025 9:02 pm ET1min read
NOW
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Aime RobotAime Summary

- ServiceNow (NOW) surged 1.16% with $2.11B volume, ranking 35th as analysts gave a "Moderate Buy" rating (29 buys, 3 holds, 1 sell) and $1,115.20 average price target.

- Oppenheimer and RBC raised price targets to $1,150 and $1,200, citing strong Q1 results and strategic AI/workflow partnerships, including $750M in Genesys and a $1.5B joint commitment with Salesforce.

- Institutional ownership at 87.18% signaled confidence, but $5.58M in insider sales and a 107.43 P/E ratio highlighted mixed sentiment and valuation concerns.

On August 13, 2025,

ServiceNow
(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.
Oppenheimer
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

Salesforce
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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