Why Analysts Stay Bullish on ServiceNow, Inc. (NOW) Despite a 28% Slide

ServiceNow, Inc. (NYSE:NOW) is among the stocks with the champion net maturation for the adjacent 5 years. On January 13, Brian Schwartz, an expert astatine Oppenheimer, reaffirmed a ‘Buy’ standing connected ServiceNow, Inc. (NYSE:NOW). With a terms people of $200, the banal has an upside imaginable of 68%.

A time later, connected January 14, Evercore ISI maintained an ‘Outperform’ standing connected ServiceNow, Inc. (NYSE:NOW), keeping a terms people of $225. The steadfast noted a unchangeable request signifier and increasing adoption of the company’s Now Assist AI offering. Although the shares person declined successful the past 3 months, the steadfast expects fourth-quarter results to showcase the company’s coagulated maturation astatine scale. Since October, the banal has dipped by astir 28%.

By 2026, the company’s AI strategy is acceptable to transcend $1 cardinal successful yearly recurring gross (ARR), with spouse surveys pointing to dependable request and expanding interest, Evercore ISI highlighted, adding that ServiceNow, Inc. (NYSE:NOW) offers an appealing semipermanent risk/reward illustration astatine its existent valuation of astir 22.5 times endeavor worth to CY27 escaped currency flow.

ServiceNow, Inc. (NYSE:NOW) is simply a California-based supplier of cloud-based solutions for integer workflows. Incorporated successful 2004, the institution operates the Now level and delivers a divers scope of products, including lawsuit work management, tract work absorption applications, and source-to-pay operations.

While we admit the imaginable of NOW arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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