ServiceNow is trading at $129.34, up +8.27%, after Bank of America raised its price target to $150 from $130 while maintaining a Buy rating.
- The analyst cited broad-based software multiple expansion, improving infrastructure-company growth, and easing concerns about AI-related disruption.
- Broader risk appetite and moderately higher U.S. equities may be adding support ahead of the August 19, 2026 FOMC minutes.