ServiceNow Rises 3.37% in After-Hours Trading, Cramer Advises Trimming Half Position

ServiceNow Inc. stock was a market focus on Thursday.

The California-based cloud software company, which helps enterprises connect AI, data, and workflows on a single platform, saw its shares rise 3.37% to $130.04 in after-hours trading on Wednesday.

In regular trading, NOW closed at $125.80, down 0.94%.

Cramer Turns Bearish on ServiceNow

On CNBC's "Mad Money Lightning Round," financial commentator and former hedge fund manager Jim Cramer advised selling half of one's ServiceNow position while letting the remainder continue to run.

The remarks came after ServiceNow expanded its multi-year partnership with Tech Mahindra, an Indian multinational technology services and digital consulting company. The deal combines ServiceNow's AI platform with Tech Mahindra's implementation expertise to help enterprises scale AI deployments from pilot phases to broader operations, particularly in industries such as manufacturing, banking, and telecommunications.

Wall Street grew increasingly optimistic about ServiceNow in August.

Date | Firm | Analyst | Action | Rating Change | Price Target
---|---|---|---|---|---
Aug 19 | B of A Securities | Tal Liani | Raised Price Target | Buy | $130 → $150
Aug 17 | TD Cowen | Derrick Wood | Maintained | Buy | $140
Aug 12 | Wells Fargo | Michael Turrin | Raised Price Target | Overweight | $160 → $175

Trading Metrics, Technical Analysis

ServiceNow has a market capitalization of $130.06 billion, with a 52-week high of $194.73 and a 52-week low of $81.24.

NOW's relative strength index stands at 58.43.

The tech stock has declined 29.17% over the past 12 months.

Currently, NOW sits at the 39.26% mark of its 52-week range. 's Edge stock ranking indicates NOW is undergoing long-term consolidation, accompanied by medium-term and short-term upward momentum.