ServiceNow Inc. (NYSE:NOW) is one of the high-growth large-cap stocks to invest in now. On June 15, Benchmark reiterated its Buy rating on ServiceNow Inc. (NYSE:NOW) and raised the price target to $130 from $125, implying significant upside potential. The price target hike and bullish stance underscore the research firm’s confidence in the company’s operating model in the software-as-a-service sector.
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The company has already provided a solid long-term operating guidance that affirms expected topline revenue growth. Revenue is expected to grow at a compound annual growth rate of 19.4% between 2026 and 2030, ranging from $30 billion to $32 billion. On the other hand, operating leverage is expected to expand by 100 basis points starting in 2027.
The guidance includes integration costs the company has incurred following recent acquisitions. Additionally, Benchmark expects ServiceNow to attain its long-term targets, including organic revenue growth from Agentic AI cybersecurity data and workflows.
ServiceNow Inc. (NYSE:NOW) is a cloud-based enterprise AI platform that automates workflows and digitizes processes across an organization. It acts as a central operating system for a business, replacing messy emails and spreadsheets with trackable, automated systems that connect IT, HR, customer service, and operations.
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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