Jim Cramer on ServiceNow: “It Would Not Be a Stock That I Would Want to Bet Against”

ServiceNow, Inc. (NYSE:NOW) is one of the stocks Jim Cramer recently discussed. A caller asked for short-term and long-term guidance for the stock. In response, Cramer said:

“Okay, ServiceNow short term is being hurt by a call out of Melius, and that’s by Ben Reitzes, who was saying that these software as a service companies are going to be under pressure because their seat models can be hurt by AI. I think, longer term, ServiceNow has really good AI, and it would not be a stock that I would want to bet against. So, ServiceNow, longer term, I think is fine. Shorter term, I think it’s going to be under pressure.”

Jim Cramer on ServiceNow: "It Would Not Be a Stock That I Would Want to Bet Against"

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

ServiceNow, Inc. (NYSE:NOW) provides cloud-based workflow solutions through its AI-powered Now Platform. The company offers tools for automation, analytics, app development, and service management. Cramer discussed the company stock in a June episode as he stated:

“Alright, ServiceNow. Well, we love ServiceNow, okay? ServiceNow is, you know, we’ve got corporate software that also is AI, okay. It’s enterprise software with AI.”

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Disclosure: None. This article is originally published at Insider Monkey.