ServiceNow shares jump 5.45% on strong AI-driven growth outlook to $30B revenue by 2030

ServiceNow's shares rose 5.45% following the company's projection to exceed $30 billion in annual subscription revenue by 2030, driven by AI growth. The company expects about 20% annual growth from an estimated $15.7 billion in 2026 and aims to maintain gross margins above 80% despite increased AI adoption. Its Now Assist AI product's contract value surpassed $750 million in Q1 2026 and is expected to double by year-end. Analysts remain optimistic, with several raising price targets, reflecting confidence in ServiceNow's growth strategy and financial health.