We recently published 15 Stocks on Jim Cramer’s Radar. ServiceNow, Inc. is one of the stocks on Jim Cramer’s radar.
ServiceNow, Inc. is a software-as-a-service (SaaS) company that offers enterprise workflow management products and services. Its shares are down by 41% over the past year and by 13% year-to-date amidst the software sector’s struggles in the AI era. ServiceNow, Inc. did make a key AI announcement on Tuesday when it announced an AI partnership with OpenAI. Through the deal, the firm will provide frontier model access capabilities in its platform to customers and allow them to use OpenAI’s technology to power their software tools. Before the announcement, Stifel warned that reduced US federal spending could create headwinds for the firm. In January, Evercore ISI also discussed ServiceNow, Inc.’s shares. The financial firm reiterated a Buy rating and a $225 share price target for the company. Citi set a $250.60 share price target as it commented that healthy sales pipelines, among other factors, could help ServiceNow, Inc.’s upcoming earnings. Cramer briefly commented on the earnings as well:
“ServiceNow is going to report soon, a lot of people feel that they are seeing it.”
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This article is originally published at Insider Monkey.
