10 Most Promising Cloud Stocks According to Analysts

4. ServiceNow, Inc. (NYSE:NOW)

Potential Upside: 58.15%

Number of Hedge Fund Holders: 104

ServiceNow, Inc. (NYSE:NOW) received support from Jefferies analyst Samad Samana on January 26, when he maintained his Buy rating and $175 target price.

Separately, on January 20, ServiceNow and OpenAI announced a multi-year strategic partnership to deliver agentic AI for enterprises. The collaboration gives customers direct access to OpenAI frontier models, including GPT-5.2. It also enables custom ServiceNow AI solutions without the need for bespoke development. Moreover, the partnership supports speech-to-speech and native voice capabilities to enhance automation and create more natural interactions.

Amit Zavery, president, CEO, and chief product officer at ServiceNow, commented:

”ServiceNow leads the market in AI-powered workflows, setting the enterprise standard for real-world AI outcomes. With OpenAI, ServiceNow is building the future of AI experiences: deploying AI that takes end-to-end action in complex enterprise environments. As companies shift from experimenting with AI to deploying it at scale, they need the power of multiple AI leaders working together to deliver faster, better outcomes. Bringing together our respective technologies will drive faster value for customers and more intuitive ways of working with AI.”

On January 19, the financial services firm TD Cowen also reiterated its Buy rating on the stock. However, TD Cowen analyst Derrick Wood lowered the firm’s price target for the stock from $250 to $200.

ServiceNow, Inc. (NYSE:NOW) provides cloud-based solutions for digital workflows across the Middle East and Africa, North America, Asia-Pacific, and Europe. The company offers integrated risk management, Operational Technology management, asset management, IT service management, strategic portfolio management, and other services. It serves the Public Sector, technology, financial services, healthcare & life sciences, IT services, Telecommunications, retail, government, and manufacturing sectors.