Why ServiceNow Stock Is Soaring Today
Shares of ServiceNow Inc. (NYSE: NOW) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up as much as 5.6% earlier in the day. The rise comes as the S 500 is up 0.2% and the Nasdaq Composite is up 1%.
The artificial intelligence (AI)-driven cloud computing and automation provider announced a major acquisition to bolster its AI capabilities.
ServiceNow announced it would acquire Moveworks, a business automation company for $2.85 billion in cash and stock. The deal aims to enhance ServiceNow's own automation offerings and help the company compete in agentic AI -- AI that can perform tasks with some level of autonomy.
Source Fool.com
ServiceNow Inc. Stock
€672.50
1.140%
Our community is currently high on ServiceNow Inc. with 82 Buy predictions and 5 Sell predictions.
With a target price of 973 € there is a positive potential of 44.68% for ServiceNow Inc. compared to the current price of 672.5 €.
