Piper Sandler Maintains a Buy Rating on ServiceNow (NOW) With a $1,150 PT

ServiceNow, Inc. (NYSE:NOW) is one of the best stocks to invest in for the long term. On July 24, Piper Sandler analyst Rob Owens maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW) and set a price target of $1,150.00.

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A team of software engineers at desks working on code for a cutting-edge cloud computing solution.

The rating followed ServiceNow, Inc.’s (NYSE:NOW) announcement of its fiscal Q2 2025 results on July 23, surpassing guidance across all topline growth and profitability metrics for the quarter.

Total revenues for the quarter reached $3.215 billion, reflecting a 22.5% year‑over‑year growth, 21.5% in constant currency. Subscription revenues also grew to $3.113 million in Q2 2025, up 22.5% year‑over‑year, 21.5% in constant currency.

ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML.

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. This article is originally published at Insider Monkey.