5 Best Long-Term Tech Stocks to Buy According to Hedge Funds

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In this article, we will list the 5 Best Long-Term Tech Stocks to Buy According to Hedge Funds. Please visit 8 Best Long-Term Tech Stocks to Buy According to Hedge Funds if you’d like to see an extended list and the methodology behind it.

5. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 118

ServiceNow, Inc. (NYSE:NOW) has a five-year forward EPS growth of over 25%, making it to our list of the best long-term tech stocks to buy according to hedge funds.

5 Best Long-Term Tech Stocks to Buy According to Hedge Funds

ServiceNow, Inc. seems to have mixed market sentiment, with the stock suffering and dropping over 40% year-to-date as of April 27. The company released its Q1 earnings data on April 23, with the Q1 2026 revenue soaring over 22% to $3.77 billion from a year ago, exceeding estimates by 24.22 million. The earnings per share increased 22% year-over-year to $0.97 per share. Despite a positive outcome, investors gave a clear message with the stock dropping in after-hours following the earrings release. The company mentioned that they missed a few large on-premise deals due to the ongoing Middle East war.

ServiceNow sees Q2 subscription revenue to grow 22.5%, expecting between $3.815 billion and $3.82 billion. For the full-year, the company projects the subscription revenue to range between $15.735 billion and $15.775 billion, indicating 22.5% growth as well.

Investors want to see the AI segment make a difference amid the current AI boom. The company’s AI agent, Now Assist, is experiencing strong growth, as the customers’ spending more than $1 million in annual contract value grew more than 130% from a year ago. The management has highlighted Now Assist as its fastest-growing enterprise software ever.

Out of 49 analysts covering NOW, 44 rate the stock as a Buy with a median price target of $140, implying an upside of approximately 44%.

ServiceNow Inc. (NYSE:NOW) provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises. The company is located in Santa Clara, California, and was founded in June 2004 by Frederic B. Luddy.

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