ServiceNow (NOW) Gets Upgraded to Outperform From Neutral by BNP Paribas – Here’s Why

ServiceNow, Inc. (NYSE:NOW) is one of the best ethical companies to invest in now according to Reddit. ServiceNow, Inc. (NYSE:NOW) was upgraded to Outperform from Neutral by BNP Paribas on March 16, with the firm setting a $140 price target. The rating update came the same day ServiceNow, Inc. (NYSE:NOW) announced an expansion of its partnership with Carahsoft Technology Corp. to extend availability to the ServiceNow AI Platform across Carahsoft’s full reseller ecosystem in the U.S. and Canada. Management reported that for the first time, the partnership opens Carahsoft’s commercial and industry channels to ServiceNow, Inc. (NYSE:NOW), including technology, retail, healthcare, manufacturing, financial services, and critical infrastructure.

ServiceNow, Inc. (NOW) Is Competing With The Rise Of AI, Says Jim Cramer

Management further clarified that Carahsoft built its reputation as the leading Government IT distributor and has been involved in the expansion of that network into regulated and non-regulated industries, sharing the government’s demands for security, compliance, and complex procurement. The partnership brings ServiceNow, Inc. (NYSE:NOW) directly into these channels, reaching organizations inclined towards buying through trusted channel partners instead of traditional enterprise software sales motions.

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 risk and potential of NOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NOW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.