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ServiceNow rises after launching AI agent for government agencies

ReutersMar 5, 2026 8:00 PM

Shares of ServiceNow NOW.N rise 6.3% to $121 following report of launch of new AI-powered service for government organizations

NOW is on track for biggest daily pct gain since April 2025 and highest close since Jan. 28 this year; the benchmark S&P 500 .SPX is down 1.3% on the day

"The new ServiceNow EmployeeWorks combines Moveworks’ conversational AI and enterprise-grade search with ServiceNow Employee Center to create an AI front door for an agency workforce and its mission," the company said in a statement

NOW acquired Moveworks for an undisclosed amount in December

48 analysts cover NOW, giving it an avg rating of "buy" and median PT is $186.50, per LSEG data

NOW is down 21.1% YTD vs NASDAQ Composite Index .IXIC 2.9% decrease

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