On June 23, ServiceNow fell 3.03% in regular trading, trading at $92.045/share, with turnover of $1.127 billion.
On the news front, the decline represents a further extension of profit-taking following a sharp rally earlier this month. ServiceNow had previously surged over 11% in a single session after raising its Now Assist full-year revenue target from $1 billion to $1.5 billion at the JP Morgan Investment Conference. Although an announcement of expanded strategic partnership with IBM — integrating AI, data governance, and automation capabilities across application modernization, enterprise data governance, and autonomous infrastructure operations — briefly stabilized the stock around mid-June, the overall trajectory has remained in pullback mode.
Compounding the selling pressure, the Systems Software sector weakened collectively, with Oracle down 4.58%, Microsoft down 2.74%, and NEBIUS down 2.17%, as broad-based declines among sector heavyweights intensified short-term selling momentum. Notably, Benchmark recently raised its price target on ServiceNow from $125 to $130, maintaining a Buy rating, with analyst consensus placing the mean target at $140.63.
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