10 Best Large Cap Tech Stocks to Buy Now

2. ServiceNow Inc. (NYSE:NOW)

Market Cap: $181.4 Billion

Potential Upside: 34%

Number of Hedge Fund Holders: 106

ServiceNow Inc. (NYSE:NOW) is one of the best large-cap tech stocks to buy now. On July 24, Oppenheimer analyst Brian Schwartz reiterated his Buy rating on ServiceNow and lifted the price target to $1,150 from $1,100. He pointed to strong sales execution, solid margins, and contract revenue in the first half of the year that exceeded expectations.

Schwartz’s update came after ServiceNow posted better-than-expected Q2 2025 results and guided solid subscription revenue growth for Q3. The management is now forecasting about $3.26 billion in subscription sales, slightly ahead of the $3.21 billion average analyst estimate compiled by Bloomberg. The company credited much of the momentum to strong uptake of its generative AI offering, Now Assist, which is available only through higher-priced subscription plans. CFO Gina Mastantuono noted that bookings for the AI tool exceeded expectations, driven by both larger contract values and a higher volume of deals.

Schwartz also noted that third-quarter guidance came in ahead of forecasts, supporting potential upside to 2026 estimates. With healthy IT spending trends and growing adoption of AI and back-office solutions, he believes ServiceNow is well-positioned to sustain its momentum through the remainder of 2025 and beyond.

ServiceNow Inc. (NYSE:NOW) provides a cloud-based platform for digital workflows, enabling organizations to automate and optimize their business processes. Its Now Platform offers solutions across IT service management, customer service, HR, and other areas.