ServiceNow stock gains on a $150 price target
Published on 08/20/2026 at 21:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ServiceNow (US81762P1021) stock traded at $129.42 on August 20, 2026, with a market value of $133.82 billion and a session range of $126.05 to $131.15. A new partnership update and a higher target from analysts gave the shares a fresh catalyst on the same day.
Analysts lifted the bar
Bank of America raised its price target to $150 from $130 and kept a buy view, according to market reporting on August 20, 2026. That compares with the stock's $129.42 quote and leaves the new target 15.9 percent above the quoted level.
The same-day move comes after ServiceNow reported second-quarter revenue of $3.99 billion and EPS of $0.90 on July 22, 2026. Those figures topped consensus of $3.93 billion and $0.86, while revenue rose 24.0 percent from the same quarter a year earlier.
Partnership adds AI angle
ServiceNow and Tech Mahindra announced an expanded multi-year partnership on August 20, 2026 to push enterprise AI from pilots into production-scale deployments. The announcement said Tech Mahindra has already handled more than 100,000 cases per month across 90 countries on its own ServiceNow deployment.
For investors, the mix matters because it ties the platform story to a current operating metric and a visible sales channel. It also reinforces why the market is willing to pay a premium multiple: the quote implies a P/E ratio of 79.48, while the latest reported quarter showed an 11.34 percent net margin.
Platform breadth stays central
ServiceNow's AI Platform sits behind the company's workflow automation pitch, and the Tech Mahindra deal points to a wider push into industry-specific use cases. The partnership text also singled out the AI Control Tower and EmployeeWorks as parts of that rollout.
That matters because the second-quarter beat was not limited to EPS alone. Revenue came in $60 million above the consensus estimate, and the year-over-year revenue gain of 24.0 percent gave the latest report a clear comparison point.
Now for the product
The product story still runs through ServiceNow's AI Platform, which is being positioned as the layer that helps enterprises move from fragmented pilots to repeatable workflow automation. The latest partnership language also shows how the company is tying that platform to deployment expertise rather than selling software in isolation.
What the share price says
ServiceNow stock was quoted at $129.42 on August 20, 2026, after trading between $126.05 and $131.15 during the session. The share price sat well below the new $150 target and near the upper end of that day's range.
Company details
Company: ServiceNow, Inc.
ISIN: US81762P1021
Ticker: NOW
Exchange: NYSE
Price (as of August 20, 2026, 4:12 p.m. ET): $129.42 USD
Market cap: $133.82 billion
Sector / Industry: Information Technology / Software - Application
Index membership: Nasdaq-100
