ServiceNow (NOW) shares surged 9.85% on June 29, 2026. Investor confidence grew following a reassessment of the company's artificial intelligence strategy.
The rally follows expanded partnerships with Google Cloud and HCLTech to develop enterprise AI agents. These collaborations focus on ServiceNow's role within the AI workflow market.
BTIG Research reiterated its Buy rating for the stock. The firm maintained a $150 price target, suggesting significant upside from current levels.
Market sentiment has shifted to view ServiceNow as a primary AI workflow provider. The company is no longer viewed as being at risk of displacement by new AI tools.