Jim Cramer Discussed The Iran Ceasefire & Commented On These 19 Stocks

9. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 118z

Software-as-a-service firm ServiceNow, Inc. (NYSE:NOW)’s shares are down by 30% over the past year and by 31% year-to-date. Financial firm Stifel discussed the software company on April 2nd. It reduced the share price target to $135 from $180 and kept a Buy rating on the shares. Stifel outlined that its channel checks and US federal spending indicated a weak environment for ServiceNow, Inc. (NYSE:NOW). Benchmark initiated coverage on April 1st to set a Buy rating and a $125 share price target for the firm. It outlined that ServiceNow, Inc. (NYSE:NOW) could benefit from the growth in the agentic AI industry and pointed towards the firm’s integrated platform of AI, workflow automation, and data analysis. In his previous comments about the firm, Cramer has praised CEO Will McDermott and his ability to deliver earnings surprises. In this appearance, he discussed the firm in the context of the broader industry:

“Well you have to look at a company like ServiceNow. Okay, now ServiceNow, it had, it was the most elevated in terms of its valuation. Stock’s down 34%, so maybe people are saying listen, these are all going to be down 34%. But no one’s saying they’re not going to pay. I mean they’re paying.”