ServiceNow Rebounds on BofA’s Bullish AI-Driven Outlook

ServiceNow shares extended their recovery as Bank of America issued a $130 price target, citing the company's strong positioning in AI-driven enterprise software. The stock closed at $102.13, up 2.45% for the session and 7.4% for the week, holding firmly above the psychologically critical $100 level.

Investors are reassessing whether AI represents a disruptive threat or a structural tailwind for established software platforms. Subscription revenue growth and AI integration capabilities are now central to market sentiment, overshadowing traditional growth metrics.

While dilution risks and geopolitical concerns persist, the momentum suggests continued institutional confidence. The rebound reflects a broader resurgence in software stocks as markets recalibrate expectations around AI's transformative potential.