capital · May 21, 2026
Bank of America Reinstates ServiceNow Buy Rating With $130 Price Target
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Bank of America reinstated coverage on ServiceNow with a Buy rating and $130 price target on May 18 2026. The firm cited AI Control Tower, Action Fabric, hybrid pricing models and acquisitions of Armis and Veza. ServiceNow shares rose 8.9 percent in the session. BofA argued the platform sits in a mission-critical position and AI will increase its value. The move followed new AI partnership announcements with Experian, Accenture, FedEx Dataworks and Boomi.
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