ServiceNow’s Agentic AI initiative aims to enhance its AI capabilities, attracting U.S. enterprises and potentially improving its stock performance.
Oppenheimer maintains an “Outperform” rating for ServiceNow (NYSE: NOW), raising the price target from $970 to $1,100.
The company’s strategic focus on AI could drive future growth, with its stock showing volatility but maintaining a strong market position.
ServiceNow (NYSE: NOW) is a prominent player in the enterprise software industry, known for its cloud-based platform that helps businesses automate and streamline their operations. The company is making waves with its Agentic AI initiative, which is attracting attention from U.S. enterprises. This strategic move aims to enhance ServiceNow’s AI capabilities, positioning it as a leader in AI-driven enterprise solutions.
The Agentic AI initiative is expected to boost the adoption of ServiceNow’s platform among businesses looking to leverage advanced AI technologies. This could lead to improved operational efficiency and innovation for these companies. As ServiceNow expands its influence in the AI sector, this development may impact its stock performance positively.
On May 6, 2025, Oppenheimer maintained its “Outperform” rating for ServiceNow (NYSE: NOW), with the stock priced at $978.05 at the time. Oppenheimer also raised the price target from $970 to $1,100, indicating confidence in ServiceNow’s growth prospects. This aligns with the company’s strategic push in AI, which could drive future stock performance.
Currently, ServiceNow’s stock is priced at $968.13, reflecting a slight decrease of 1.01% or $9.92. The stock has fluctuated between $964.50 and $978 during the trading day. Over the past year, it has reached a high of $1,198.09 and a low of $637.99, showcasing its volatility.
ServiceNow’s market capitalization is approximately $200.4 billion, with a trading volume of 520,343 shares. As the company continues to expand its AI offerings, its market position and stock performance may see further growth, supported by its strategic initiatives and positive analyst outlook.
