ServiceNow, Inc. (NYSE:NOW) is among the greatest long run low volatility shares to purchase now. On July 16, TD Cowen analyst Derrick Wooden maintained a Purchase ranking on ServiceNow, Inc. (NYSE:NOW), retaining the value goal at $1,150.00.
A staff of software program engineers at desks engaged on code for a cutting-edge cloud computing answer.
The analyst reasoned that ServiceNow, Inc. (NYSE:NOW) is suitably positioned for future development and has exhibited robust efficiency within the enterprise phase, particularly with its AI-related tasks.
The agency expects favorable international change traits and the corporate’s traction with its GenAI product cycle to be extra development drivers for its monetary efficiency.
The analyst additionally said that ServiceNow, Inc. (NYSE:NOW) has a powerful observe document with a big beat in fiscal Q1 outcomes and has set a decrease steering bar, which can end in a beat and lift the situation within the upcoming quarters.
ServiceNow, Inc. (NYSE:NOW) has elevated gross sales hiring and boasts a powerful pipeline, which, in response to the analyst, strategically positions it for the second half of the yr and units it up for continued development.
ServiceNow, Inc. (NYSE:NOW) presents an AI platform for enterprise transformation, boosting productiveness and maximizing enterprise outcomes. Its clever platform, Now Platform, offers end-to-end workflow automation for digital companies. Now Platform capabilities as a cloud-based answer embedded with AI and ML.
Whereas we acknowledge the potential of NOW as an funding, we consider sure AI shares supply better upside potential and carry much less draw back threat. Should you’re on the lookout for a particularly undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the greatest short-term AI inventory.
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Disclosure: None. This text is initially printed at Insider Monkey.
