On August 27, ServiceNow rose 3.13% in pre-market trading, trading at approximately $130.14 per share, with turnover of $1.3987 million. The stock had declined over 3% to $122.5 in the prior regular session.
On the news front, cybersecurity stocks surged in after-hours trading, driving a broad sentiment recovery across the systems software sector. CrowdStrike rallied 9.83% and Palo Alto Networks gained 3.88%, lifting ServiceNow on the rebound. The prior session's weakness was triggered by Intuit's below-expectation quarterly guidance, which dragged the entire software sector lower, with Adobe falling 2.2%, Salesforce down 1.7%, and Microsoft slipping 0.8%.
Within the Systems Software sector, performance diverged notably. CrowdStrike led with a 9.83% gain, followed by NEBIUS up 6.16%, Palo Alto Networks up 3.88%, and Oracle up 1.85%, while Microsoft declined 0.94%. Analysts remain constructive on ServiceNow, with BofA recently raising its target to $150 and Wells Fargo lifting its target to $175, with consensus rating at Buy and mean target of $141.21.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)