Last Trading Date: New York Tuesday, February 10, 2026
- ServiceNow shares rose about 2.5% at the close in the last trading session, rebounding alongside broader software stocks, with little movement after-hours as sentiment stabilized.
- The move followed analyst commentary flagging ServiceNow as relatively AI-resilient, even as some firms trimmed price targets while maintaining Buy or Overweight ratings.
- Traders are now watching upcoming tech earnings, management commentary on AI monetization, and broader market risk appetite as key near-term catalysts.
In a trading session marked by a broader rebound in beaten-down tech names, ServiceNow, Inc. (NYSE: NOW) shares rose on Tuesday as investors digested fresh sector commentary and lingering uncertainty tied to artificial intelligence’s impact on enterprise software. ServiceNow closed the regular session up approximately 2.5 %, finishing at $106.48, rebounding alongside other software equities following a recent sell-off sparked by AI disruption fears, according to market reports. After-hours trading showed minimal additional movement, with the stock trading essentially flat into the evening.
The uptick in NOW shares came as strategists at major Wall Street firms sought to put the recent volatility into context. JPMorgan and Morgan Stanley analysts highlighted that the steep sell-off in software stocks over recent sessions appeared sentiment-driven, with fears about AI’s transformative effects driving indiscriminate selling rather than company-specific fundamental concerns. They flagged ServiceNow among a group of “AI-resilient” software names they believe may present buying opportunities if market pessimism continues to recede.(Reuters)
The broader market backdrop on Tuesday also supported the rebound. Major U.S. indices showed strength, with tech stocks leading gains amid bargain-hunting after recent losses. The Nasdaq climbed, and the S&P 500 moved higher, reflecting renewed confidence in technology and software companies that had been sold off earlier in the week. Investors appeared to shrug off some of the “software-mageddon” headlines that had contributed to carnage in the sector, rotating capital back into names perceived to have stronger secular growth prospects.(WSJ)
Analyst commentary on ServiceNow has been mixed in recent weeks, mirroring the stock’s volatility. Cantor Fitzgerald recently reiterated an Overweight rating with a $200 price target, noting ServiceNow’s solid fourth-quarter performance and long-term growth drivers, although the target was trimmed from earlier levels amid sector weakness. Other firms such as TD Cowen lowered their targets to $185 while maintaining a Buy stance, citing strong organic performance and margin resilience. Meanwhile, KeyBanc has taken a more cautious tone, lowering its target to $115 and maintaining an Underweight rating on concerns that growth projections may not sufficiently address investor unease. Jefferies reiterated a Buy rating with a $175 target, pointing to continued subscription revenue strength and a firm starting point for fiscal 2026 growth.(Investing)
Even with Tuesday’s rebound, ServiceNow’s stock remains under pressure relative to broader market benchmarks, with its share price still well off earlier peaks and trading near its 52-week low. Investors have been closely parsing the company’s recent quarterly report, which delivered earnings and revenue above consensus but guided to fiscal-year growth that some analysts viewed as conservative in the context of aggressive AI-driven expectations.(Motley Fool)