Analysts Stay Bullish on ServiceNow (NOW) After Earnings Report

ServiceNow, Inc. (NYSE:NOW) is 1 of the 10 Best AI Software Stocks to Buy Right Now. On January 30, Bernstein reiterated its Outperform standing connected ServiceNow, Inc. (NYSE:NOW) with a terms people of $219 aft a crisp marketplace sell-off.

Bernstein said that ServiceNow, Inc. (NYSE:NOW) present presents a “discount ample headdress growth” opportunity, pointing retired that it appears comparatively inexpensive compared with different ample bundle companies with much than $50 cardinal successful marketplace headdress erstwhile looking astatine the three-year maturation against the price-to-free-cash-flow. The steadfast besides noted that the accustomed premium fixed to maturation stocks has “collapsed further,” which makes ServiceNow, Inc.’s (NYSE:NOW) adjacent wider erstwhile compared to different large-cap maturation bundle stocks.

On January 29, Cantor Fitzgerald besides maintained its Overweight standing connected ServiceNow, Inc. (NYSE:NOW) with a terms people of $200 aft the company’s quarterly net report.

Also connected January 29, Stifel reduced its terms people connected ServiceNow, Inc. (NYSE:NOW) from $200 to $180 but kept its Buy standing pursuing the company’s latest quarterly results, which led the banal to autumn successful after-hours trading.

Stifel expert Brad Reback pointed retired that the 4th “played retired mostly arsenic expected,” with an integrated upside of astir 100 ground points. He noted that fourth-quarter checks were “somewhat mixed.”

The probe steadfast noted that ServiceNow, Inc. (NYSE:NOW) offers “an absorbing value” astatine existent levels, trading astatine astir 6 times gross and 16 times escaped currency flow. However, Stifel highlighted that a broader displacement successful capitalist sentiment would beryllium needed for the banal to beryllium re-rated, and said that “what drives that displacement remains unclear.”

ServiceNow, Inc. (NYSE:NOW) is an American bundle and exertion company. It provides an AI level that helps organizations digitize, automate, and negociate workflows for endeavor 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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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.