11 Best Rebound Stocks to Buy According to Hedge Funds

6. ServiceNow, Inc. (NYSE:NOW)

Year-To-Date Decline in Share Price: 19.45%

Number of Hedge Fund Holders: 106

ServiceNow, Inc. (NYSE:NOW) is included in our list of the 11 Best Rebound Stocks to Buy According to Hedge Funds.

JMP Securities reiterated its ‘Market Outperform’ rating on ServiceNow, Inc. (NYSE:NOW) on August 4, 2025, with a $1,300 price target. The sentiment boost is attributed to growing confidence in the company’s AI Control Tower and its AI Agents within AI Agent Studio. ServiceNow’s innovative pipeline, coupled with its growing AI-driven capabilities, is driving its growth outlook.

The analyst acknowledged the YTD decline in ServiceNow, Inc. (NYSE:NOW)’s shares and yet believes that the company’s AI product advancements position it well to reaccelerate growth and boost its presence in enterprise digital transformation.

ServiceNow, Inc. (NYSE:NOW) delivers cloud-based digital workflow solutions globally with its Now platform. It is included in our list of the Best Rebound Stocks To Buy.