10 AI Stocks Gaining Attention on Wall Street

5. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 104

​ServiceNow, Inc. (NYSE:NOW) is one of the 10 AI Stocks Gaining Attention on Wall Street. On January 30, Bernstein SocGen Group analyst Peter Weed reiterated an Outperform rating on the stock with a $219.00 price target. The firm believes the stock is undervalued and that H2 AI token renewals are an upside catalyst.

Bernstein called ServiceNow a “discount large cap growth” opportunity, stating that it appears relatively cheap as compared to other large-cap software peers with market capitalizations above $50 billion when evaluated on a three-year growth versus price-to-free-cash-flow basis.

Analysts noted that the premium historically assigned to high-growth software has eroded further, leaving NOW trading at lower multiples despite rising forecasts for fiscal 2028 growth.

Bernstein projects a 30 basis point currency-constant subscription revenue beat for NOW as artificial intelligence reaches $1.2 billion in annual contract value in FY26, compared to the company’s $1 billion guidance.

“And note: there is potential conservatism in the company and our model — neither include upside from early consumption-driven renewals. Some customers from the FY24 AI cohort ($200MM+ ACV) could require early incremental AI token renewals in the 2nd half of FY26, based on their reported rapid pace of token consumption.”

ServiceNow, Inc. (NYSE:NOW) provides a platform that integrates workflows, data, and AI to coordinate how work flows across large organizations.