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BTIG Initiates ServiceNow (NOW) with Buy Rating on Expanding AI Platform

ServiceNow, Inc. (NYSE:NOW) is included among the 12 Best Long Term US Stocks to Buy Now.

On December 17, BTIG initiated coverage of ServiceNow, Inc. (NYSE:NOW) with a Buy rating and a $1,000 price target.

The firm points to how far the platform has come since the launch of Now Assist two years ago. What started as an AI feature has grown into a broader system where humans and AI agents work side by side. ServiceNow now offers an AI Control Tower to handle oversight and governance, and it is working closely with Microsoft to run agent-based AI workflows across the entire enterprise. BTIG’s upside case assumes ServiceNow keeps operating above the Rule of 50. That includes revenue growth in the high teens and free cash flow growth in the mid-20% range.

In other news, Bloomberg reported that ServiceNow, Inc. (NYSE:NOW) is in advanced discussions to acquire cybersecurity startup Armis. The company was last valued at $6.1 billion, and the deal could reach around $7 billion, which would make it ServiceNow’s largest acquisition to date. The report cited people familiar with the talks, who said the discussions are private. The transaction could be announced as soon as this week, though it is not guaranteed to close. Neither Armis nor ServiceNow responded to a request for comment from CNBC.

Armis focuses on securing and managing internet-connected devices, helping organizations protect against cyber risks. Just over a month ago, the company raised $435 million in new funding and said it plans to pursue an IPO over time.

ServiceNow, Inc. (NYSE:NOW) provides a cloud-based platform that helps organizations automate and manage digital workflows across IT, HR, customer service, and other business functions.

While we acknowledge the potential of NOW as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Best Blue-Chip Stocks with Growing Dividends and 12 Best Dogs of the Dow to Invest in.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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