Why Goldman Sachs Is Betting on ServiceNow, Inc. (NOW)’s Long-Term Growth

ServiceNow, Inc. (NYSE:NOW) is among the most promising maturation stocks according to analysts. On January 12, Goldman Sachs assumed sum connected ServiceNow, Inc. (NYSE:NOW) with a ‘Buy’ standing and a terms people of $205, which suggests an upside imaginable of astir 44%. According to the firm, AI adoption volition beryllium a “positive tailwind” to the bundle full addressable marketplace implicit the adjacent 10 years. That said, the expert believes the institution is poised to pb the cause orchestration market.

Gabriela Borges, expert astatine Goldman Sachs, forecasts a higher accidental of ServiceNow, Inc. (NYSE:NOW) maintaining an integrated compound yearly maturation complaint of 20% done 2029. This affirmative stance follows the company’s enlargement into caller areas, peculiarly Customer Relationship Management, Enterprise Resource Planning, and Human Capital Management.

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What’s adjacent much absorbing is ServiceNow, Inc. (NYSE:NOW)’s emergence successful the tech stack, on with its appetite for M&A, which strengthens the company’s presumption to research the Security space.

Overall, ServiceNow, Inc. (NYSE:NOW) is simply a Buy among 92% of the analysts covering the stock. The stock’s caller dip to $142.64 makes it worthy watching, fixed its semipermanent potential.

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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