11 Buzzing AI Stocks on Wall Street

5. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 104

​ServiceNow, Inc. (NYSE:NOW) is one of the 11 Buzzing AI Stocks on Wall Street. On January 27, JPMorgan analyst Mark Murphy reiterated an Overweight rating on the stock with a $215.00 price target. The rating affirmation follows discussions with nine partners in the ServiceNow ecosystem.

According to the firm’s channel checks, the company has been operating against a mixed operating backdrop, marked by an improving forward-looking outlook but softer recent activity particularly within the US federal segment.

Partner expectations for ServiceNow’s growth potential have moderated slightly, with several partners now modeling organic growth in the high-teens rather than sustained 20% levels.

Out of the partners surveyed, half of them reported no pausing or deferring of ServiceNow projects due to tariff/trade war situations or federal cutbacks. Mission-critical renewals, AI upgrades, and cost-reduction initiatives were still moving forward. Meanwhile, five partners reported a better business tone in the fourth quarter compared to four in the previous survey.

Predominantly, these partners pushed back on concerns that AI could lead ServiceNow customers to scale back their usage, with one partner noting that no evidence of customers reducing or abandoning deployments.

In turn, AI seems to be driving more expansion and monetization rather than displacement of existing SaaS footprints. The firm further added how ServiceNow’s cost-savings messaging is resonating with customers in the challenging environment, reinforcing its positive outlook on the stock.

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