JMP Securities Reiterated ‘Market Outperform’ Rating on ServiceNow, Inc. (NOW) With $1,300 PT

ServiceNow, Inc. (NYSE:NOW) is included in our list of the 11 Best Rebound Stocks to Buy According to Hedge Funds.

JMP Securities Reiterated ‘Market Outperform’ Rating on ServiceNow, Inc. (NOW) With $1,300 PT

A close-up of a computer monitor showing a complex web of cloud-based technology.

JMP Securities reiterated its ‘Market Outperform’ rating on ServiceNow, Inc. (NYSE:NOW) on August 4, 2025, with a $1,300 price target. The sentiment boost is attributed to growing confidence in the company’s AI Control Tower and its AI Agents within AI Agent Studio. ServiceNow’s innovative pipeline, coupled with its growing AI-driven capabilities, is driving its growth outlook.

The analyst acknowledged the YTD decline in ServiceNow, Inc. (NYSE:NOW)’s shares and yet believes that the company’s AI product advancements position it well to reaccelerate growth and boost its presence in enterprise digital transformation.

ServiceNow, Inc. (NYSE:NOW) delivers cloud-based digital workflow solutions globally with its Now platform. It is included in our list of the Best Rebound Stocks To Buy.

While we acknowledge the potential of NOW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NOW and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.