ServiceNow, Inc. (NYSE:NOW) shares rose in Monday’s premarket as investors rotated into selective mega-cap software names amid a mixed broader market backdrop. Nasdaq futures edged up 0.02%, while S&P 500 futures slipped 0.24%.

AI Growth Strategy Drives Long-Term Outlook

The company recently outlined a plan to surpass $30 billion in annual subscription revenue by 2030. Earlier this month, President and Chief Financial Officer Gina Mastantuono told analysts there could be upside beyond $32 billion.

ServiceNow also projected a 100-basis-point expansion in operating and free cash flow margins in 2027 and reiterated its target of achieving a “Rule of 60+” by 2030, a metric combining revenue growth and free cash flow margins.

Now Assist AI Monetization Accelerates

Artificial intelligence monetization remains central to the company’s strategy. ServiceNow said its Now Assist product exceeded $600 million in annual contract value in 2025 and topped $750 million during the first quarter of 2026. Mastantuono said the figure is ...