Why Is ServiceNow Stock Surging On Friday?
ServiceNow Inc. (NYSE: NOW ) stock is moving higher on Friday after the software company reported second-quarter financial results that beat analyst estimates and raised its full-year subscription revenue guidance. The Nasdaq is down 0.80% while the S&P 500 has gained 0.23%. On Wednesday, ServiceNow reported quarterly earnings of 90 cents per stock unit, beating the consensus estimate of 85 cents. Revenue reached $3.99 billion, topping expectations of $3.93 billion. Subscription revenue grew 24.5% year-over-year to $3.88 billion, while current remaining performance obligations (cRPO) increased 21.5% in constant currency. Read Also: NYC Landlords Sue Over Mamdani's Rent Freeze, Say Board Member's Resignation Proves 'Everything Since Has Been Theater' Executive Commentary On Growth ServiceNow CEO Bill McDermot t touted the company’s “sterling fundamentals...
ServiceNow Inc. (NYSE: NOW ) stock is moving higher on Friday after the software company reported second-quarter financial results that beat analyst estimates and raised its full-year subscription revenue guidance. 23%. On Wednesday, ServiceNow reported quarterly earnings of 90 cents per stock unit, beating the consensus estimate of 85 cents.
93 billion. 5% in constant currency. Read Also: NYC Landlords Sue Over Mamdani's Rent Freeze, Say Board Member's Resignation Proves 'Everything Since Has Been Theater' Executive Commentary On Growth ServiceNow CEO Bill McDermot t touted the company’s “sterling fundamentals,” which have the company operating to the “Rule of 56” and beating the classic SaaS “Rule of 40” (revenue growth + profit margin ≥ 40). The company also increased full-year subscription revenue growth guidance to 21% and, according to McDermott, aims to sustain a “Rule of 60” by 2030.
Analyst Highlights On AI Momentum JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and raised the price forecast from $145 to $150, citing AI momentum. BofA Securities analyst Tal Liani maintained a Buy rating with a $130 price forecast, noting AI annual contract value surpassed $1 billion. Meanwhile, Bernstein maintained an Outperform rating and raised its price forecast to $248 and BMO Capital maintained an Outperform rating with a $118 price forecast. Trading action coincided with additional research notes published on Friday.
Macquarie maintained a Neutral rating and raised its price forecast to $110. UBS maintained a Neutral rating while adjusting its price forecast down to $110. 69). That stack of moving averages overhead means rallies can run into supply quickly unless price can start reclaiming the $100–$105 area.
Zooming out, the death cross that formed in August 2025 (50-day SMA falling below the 200-day SMA) still frames this as a sell-rallies-until-proven-otherwise chart for many longer-term trend traders. 53 at the time of publication on Friday, according to Pro data. Read Also: Tesla Just Had a Toyota-Sized Meltdown—JPMorgan, UBS Raise Red Flags Photo: JHVEPhoto / Shutterstock