ServiceNow shares rose 9.14% to $137.30 on Thursday, according to Benzinga Pro data, as investors rotated into large-cap technology stocks and responded to stronger sentiment following Salesforce results. Salesforce surged after reporting a second-quarter double beat, issuing upbeat guidance and announcing its new Claude Force partnership with Anthropic. CEO Marc Benioff cited the company’s strongest net new annual order value growth in four years, sixfold growth in Agentforce usage and triple-digit Slack bookings growth. The positive enterprise-software signals supported workflow-software stocks including ServiceNow. Broader markets also advanced, with the Technology sector up 2.6%, the Nasdaq rising 1.07% and the S&P 500 gaining 0.6%. ServiceNow carries a Buy consensus rating from 50 analysts, with an average price forecast of $140.39 and targets ranging from $72 to $248. BofA Securities raised its target to $150 on Aug. 19 while maintaining a Buy rating, TD Cowen maintained its Buy rating and $140 target on Aug. 17, and Wells Fargo raised its target to $175 on Aug. 12 while keeping an Overweight rating. ServiceNow has heavy representation in several ETFs, including a 66.65% weight in the GraniteShares 2x Long NOW Daily ETF, meaning substantial fund inflows or outflows may prompt automatic buying or selling of the stock.