--- title: "What's Going On With ServiceNow Stock Tuesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286940311.md" description: "ServiceNow stock surged 5% following Bank of America’s $130 price target and a shift in investor focus back to enterprise software. The company is benefiting from positive market dynamics and a recent partnership with Experian to enhance AI-driven automation. Analysts maintain a Buy rating with an average target of $139, while ServiceNow aims for over $30 billion in annual subscription revenue by 2030, expecting to keep gross margins above 80%. The stock has gained 11.6% in the past month." datetime: "2026-05-19T15:16:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286940311.md) - [en](https://longbridge.com/en/news/286940311.md) - [zh-HK](https://longbridge.com/zh-HK/news/286940311.md) --- # What's Going On With ServiceNow Stock Tuesday? **ServiceNow, Inc.** (NYSE:NOW) stock is rallying in early Tuesday trading, continuing a sharp recovery from its year-to-date lows. Traders are watching the enterprise software provider as a wave of positive catalysts shifts momentum back into the sector. Tuesday’s rally appears to be largely driven by renewed Wall Street optimism. On Monday, **Bank of America Securities** analyst **Tal Liani** reinstated coverage on ServiceNow with a buy rating and announced a $130 price forecast. ## Growth Capital Rotates Back Into Enterprise Software Market dynamics are also working in favor of the cloud platform. Investors are currently rotating out of high-flying semiconductor stocks and channeling capital into beaten-down enterprise software names. Peers like **Salesforce, Inc.** (NYSE:CRM) and **Workday, Inc.** (NASDAQ:WDAY) are finding renewed interest alongside ServiceNow after facing heavy selling pressure throughout 2026. ## Expanding The AI Automation Footprint The stock is also riding tailwinds from its Knowledge 2026 conference and recent deal flow. On Friday, the company announced a multi-year global partnership with **Experian Plc** (OTC:EXPGF) to expand AI-driven enterprise automation. The integration embeds Experian’s Ascend platform into ServiceNow workflows, utilizing autonomous AI agents for high-regulation tasks like fraud verification and third-party risk management. “We see agentic AI as a fundamental change in how intelligent services are delivered,” noted **Keith Little**, President of Experian Software Solutions. ## Execution Defies Margin Compression Fears The corporate updates validate the strong 2030 outlook outlined by management on May 7, when President and CFO **Gina Mastantuono** targeted more than $30 billion in annual subscription revenue by 2030. Crucially for traders monitoring profitability, the company pushed back against fears of AI margin erosion. ServiceNow expects to maintain gross margins above 80% while scaling its Now Assist product, which generated over $750 million in annual contract value in the first quarter of 2026. ## Analyst Consensus & Recent Actions The stock carries a Buy rating with an average price forecast of $139.00 (high: $236.00; low: $85.00) across 50 analysts. Recent analyst moves include: - **Bank of America Securities**: Buy (Forecast $130.00) (May 18) - **Bernstein**: Market Perform (Raises forecast to $236.00) (May 6) - **Macquarie**: Neutral (Maintains forecast to $109.00) (May 5) **NOW Price Action:** ServiceNow shares were up 5.18% at $108.78 during premarket trading Tuesday, according to Benzinga Pro. Over the past month, NOW has gained about 11.6% versus a 4.2% rise in the S&P 500 and is down roughly 29% year-to-date compared to the index’s 7.7% gain. _Photo by JHVEPhoto via Shutterstock_ ### Related Stocks - [NOW.US](https://longbridge.com/en/quote/NOW.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [NOWL.US](https://longbridge.com/en/quote/NOWL.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [CRM.US](https://longbridge.com/en/quote/CRM.US.md) - [WDAY.US](https://longbridge.com/en/quote/WDAY.US.md) - [EXPN.UK](https://longbridge.com/en/quote/EXPN.UK.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) - [EXPGY.US](https://longbridge.com/en/quote/EXPGY.US.md) ## Related News & Research - [Bank of America Thinks ServiceNow (NOW) Stock Is an AI Winner – Here’s Why](https://longbridge.com/en/news/286943173.md) - [ServiceNow, Experian Launch Multi-Year AI Automation Partnership](https://longbridge.com/en/news/286559188.md) - [09:16 ETC1Secure Launches SmartReady, Giving Every ServiceNow Platform Owner the Tools to Validate, Govern, and Assure Rapid Production Releases](https://longbridge.com/en/news/286920243.md) - [Experian Partners With ServiceNow to Scale Trusted Decisioning to Agentic AI | NOW Stock News](https://longbridge.com/en/news/286514647.md) - [ServiceNow Stock (NOW) Rallies on Reiterated Bullish Analyst Coverage](https://longbridge.com/en/news/285972035.md)