Citizens JMP Reiterates a Buy Rating on ServiceNow (NOW)

ServiceNow, Inc. (NYSE:NOW) is one of the Most Profitable Large Cap Stocks to Buy According to Analysts. On August 4, Citizens JMP analyst Patrick Walravens reiterated a Buy rating on ServiceNow, Inc. (NYSE:NOW) with a $1,300 price target.

The rating follows the company’s fiscal second quarter 2025 earnings release. The company delivered robust results that exceeded Wall Street expectations. ServiceNow, Inc. (NYSE:NOW) delivered total revenue of $3.22 billion, indicating 22.38% year-over-year growth and ahead of estimates by $91.34 million. This growth was driven by improved subscription revenue, which reached $3.11 billion after growing 22.5% during the same time. Management highlighted the growing demand for the company’s AI platform and also showed confidence in reaching its $1 billion new contract value target by 2026.

Citizens JMP Reiterates a Buy Rating on ServiceNow (NOW)

A team of software engineers at desks working on code for a cutting-edge cloud computing solution.

ServiceNow, Inc. (NYSE:NOW) provides a cloud-based AI platform called the Now Platform that helps businesses digitize and automate workflows.

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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.