Jim Cramer Nailed These 11 Stock Predictions

9. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 106

A caller who previously acted on Cramer’s buy recommendation returned after a sharp decline in enterprise software stocks, wondering if ServiceNow, Inc. (NYSE:NOW) was still worth holding. Cramer made it clear this was one of the exceptions in the sector:

“ServiceNow could be an exception… they’ve got that rule of whatever — Rule of 90 — and they have not missed. They’ve made it… They may be the only one where if you go to Nvidia, you might see ServiceNow.”

Indeed, an exception. The stock has surged by +50.56% since then.

ServiceNow Inc. (NYSE:NOW) provides cloud-based workflow automation software that helps enterprises digitize operations across IT, HR, security, and customer service.

Jim Cramer remains a fan of ServiceNow. Here’s what he said about it on May 23:

“I also like ServiceNow. I love what Bill McDermott’s doing. They’re actually going at each other right now, or at least Bill McDermott’s declared war, so to speak on Salesforce. These are two really fine companies, and over the long term, they’ve both been sensational.”