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

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.

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