Benchmark Starts ServiceNow (NOW) at $125 Target on Workflow AI Strength

ServiceNow, Inc. (NYSE:NOW) is among the 13 Best Strong Buy AI Stocks to Invest In Now.

On April 1, Benchmark analyst Yi Fu Lee initiated coverage of ServiceNow, Inc. (NYSE:NOW) with a Buy rating and a $125 price target, highlighting the company’s integrated platform combining AI, data, and workflow automation. The analyst views ServiceNow as a key beneficiary of the emerging Agentic AI cycle, with strong leadership and a proven ability to deliver profitable growth, positioning it for long-term value creation, particularly following a significant pullback in the stock.

On March 31, Wells Fargo lowered its price target on ServiceNow, Inc. (NYSE:NOW) to $185 from $225 while maintaining an Overweight rating, noting that although Q4 results were strong, near-term catalysts may be limited. However, the firm pointed to upcoming events such as the Knowledge conference and investor day as potential drivers of renewed investor interest. This suggests that while short-term sentiment may be cautious, the underlying business momentum remains intact, supporting a constructive long-term outlook.

ServiceNow, Inc. (NYSE:NOW) is a leading enterprise software company focused on AI-driven workflow automation across IT, HR, and customer service functions. Through its “Now Assist” generative AI suite, the company is embedding intelligence into enterprise operations. Founded in 2004 and headquartered in Santa Clara, California, ServiceNow is well-positioned to capitalize on the growing demand for AI-powered enterprise productivity solutions.

While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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While we acknowledge the risk and potential of NOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NOW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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