5 Best Enterprise Software Stocks to Buy Right Now

Page 5 of 5

1. ServiceNow Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 118

ServiceNow Inc. (NYSE:NOW) is one of the best enterprise software stocks to buy right now. On April 22, ServiceNow and Google Cloud expanded their partnership to launch interoperable AI agents designed for autonomous enterprise operations. By uniting Google’s Gemini Enterprise with the ServiceNow AI Platform through open protocols like the Model Context Protocol/MCP, the two companies are enabling an automated chain of action across IT, retail, and 5G networking systems.

This collaboration allows AI agents from both platforms to collaborate in real time, detecting and resolving complex technical issues before they impact the customer experience. Key solutions introduced include a 5G Autonomous Network Operations tool that uses self-healing technology to fix performance anomalies and a predictive maintenance system for retail.

In the retail sector, Google Cloud’s BigQuery identifies equipment telemetry signals that trigger autonomous ServiceNow Inc. (NYSE:NOW) workflows to triage issues and dispatch technicians without moving or duplicating data. These systems are managed through a unified “AI Control Tower,” providing a single governance plane that tracks agent behavior and data access across the entire enterprise environment.

ServiceNow Inc. (NYSE:NOW) provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises.

While we acknowledge the potential of NOW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NOW and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5