Piper Sandler Reiterates Overweight on ServiceNow, Maintains $140 Price Target

Agentic AI Adoption Boosts NOW's Growth Prospects Against MSFT & CRM

ServiceNow's AI annual contract value surpassed $1 billion in Q2 2026 with net new AI ACV growing over 40% sequentially, driven by rapid agentic AI adoption and new AI-native pricing models. However, the company faces intensifying competition from Microsoft and Salesforce, which are aggressively expanding their own AI agent offerings and monetization strategies.

ServiceNow Stock Jumps on Enterprise AI Momentum

ServiceNow stock jumps 9% following strong Salesforce Q2 earnings, an enterprise AI momentum boost, and positive analyst price target upgrades.

Shares of enterprise application software are trading higher amid sympathy with Salesforce after the company reported Q2 financial results.

Synopsys Posts Upbeat Q3 Results, Joins Okta, Veeva Systems, Crowdstrike And Other Big Stocks Moving Higher On Thursday

U.S. stocks mostly higher, Nasdaq up 1%. Synopsys Inc. reports strong Q3 results and raises outlook. Other gainers include Okta, Veeva, Salesforce, Ooma, Crowdstrike, Sailpoint, Hyperliquid, Tenable, Palo Alto Networks, and Zscaler.