Jim Cramer on ServiceNow: “I Think We’ll Get a Very Solid Number”

ServiceNow, Inc. (NYSE:NOW) was one of the stocks on Jim Cramer’s recent Mad Money game plan. Cramer mentioned that he is ready to stick his “neck out” for the company and said:

Alright, there’s been a ton of selling by shareholders in ServiceNow. Many former shareholders were worried that it’s now, it’s just too… [easy] for Anthropic to disrupt. Now, when you hear that, that’s the kiss of death, you can’t seem to return it. I think we’ll get a very solid number this time from Bill McDermott. The issue is, will it matter? I think good news will move the stock higher and not be ignored like it’s been for the past few quarters. But I’m sticking my neck out because that’s not been the case.

ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, analytics, and a suite of IT, security, customer service, and employee experience products. Cramer discussed why Wall Street has been “merciless” on stocks like NOW, as he said:

ServiceNow’s finally in the black for the day. It’s got an expanded buyback, and the CEO bought a ton of stock at a much higher price. It’s been a chronic underperformer; it’s still down 42% for the year. It can go higher… Both ServiceNow and Salesforce have some businesses that should be disruptable and others that aren’t. If you have any division, though, that is disruptable right now, Wall Street is merciless to your stock.

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