ServiceNow Shares Rise Despite Tech Stock Decline
Shares of ServiceNow (NOW) rose by approximately 8.4% on Monday, bucking the trend as broader tech stocks declined due to concerns over AI disruption in traditional SaaS models. Bank of America analyst Tal Liani upgraded coverage with a 'Buy' rating and $130 price target, citing ServiceNow's deeply embedded position within enterprise workflows.
Topics: AI disruption SaaS industry ServiceNow Wall Street analyst report