ServiceNow’s stock soars to a historic month as AI fears fade across software
Cloud
ServiceNow surged 40%+ this month in a broad enterprise software relief rally as AI-disruption fears recede, with NOW up 14.4% today alone. The violent re-rating creates a tricky setup: momentum is real but the stock is now extended, insiders are selling, and consensus was already skewed heavily bullish before the run.
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↓ SHORT-8% target+4% stop1-2 weeks tactical
Fade the NOW overshoot short-term — insider selling, no fresh price targets, and a 40% monthly rip argue for a mean-reversion pullback to the $110-115 range before re-entry.