13 Best Cloud Stocks to Buy Now

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​7. ServiceNow, Inc. (NYSE:NOW)

Market Capitalization: $166.50 billion

Analyst Upside Potential: 43.67%

Number of Hedge Fund Holders: 106

​ServiceNow, Inc. (NYSE:NOW) is one of the Best Cloud Stocks to Buy Now. The stock has been down more than 10.7% since the release of its fiscal Q3 2025 results on October 29. However, Wall Street maintains a positive outlook on the stock.

​On October 31, Saiyi He from CMB International reiterated a Buy rating on the stock with a $1,180 price target. A day earlier, Matthew Hedberg from RBC Capital had also maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW) with a $1,200 price target.

​The positive outlook is driven by a robust fiscal third quarter and raised full-year guidance. During the third quarter, revenue grew 21.85% year-over-year to $3.41 billion, surpassing estimates by $49.93 million. Moreover, the EPS of $4.82 also came in ahead of the expectations by $0.55. The growth was driven by robust demand for AI services and a 30% increase in US federal contracts.

​Management raised its full-year guidance based on the increased momentum. Full-year subscription revenue is now expected to be in the range of $12.835 billion – $12.845 billion, up from the previous range of $12.775 billion – $12.795 billion.

​In other news, on November 18, ServiceNow, Inc. (NYSE:NOW) announced new upcoming integrations with Microsoft, which will deliver enhanced AI orchestration and governance capability. Under the collaboration, the companies will unite their intelligence and clouds to connect copilots, agents, and data seamlessly across Microsoft 365 and the ServiceNow AI Platform.

​​ServiceNow, Inc. (NYSE:NOW) provides a cloud-based AI platform that helps businesses automate and digitize workflows across various departments.

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