Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

04. ServiceNow, Inc. (NYSE:NOW)

Upside Potential: 24%

On May 7, Baird analyst Rob Oliver reaffirmed his Outperform rating on ServiceNow, Inc. (NYSE:NOW), a technology company specializing in AI-powered business transformation, while raising the price target from $870 to $885. Given the stock’s current market price of $719.91, the new target represents an upside potential of 24%. The upgrade from Baird comes in light of ServiceNow, Inc. (NYSE:NOW) ongoing growth and strategic partnerships, particularly the recently announced collaboration with Genesys at the company’s annual customer and partner event, Knowledge 2024. Genesys, a global leader in AI-powered experience orchestration, and ServiceNow are joining forces to enhance both customer and employee experiences.

The partnership will integrate the Genesys Cloud™ platform with ServiceNow Customer Service Management (CSM) to create Unified Experience, an AI-driven solution that aims to transform service delivery for organizations worldwide. This collaboration is poised to strengthen ServiceNow’s market position and expand its range of innovative offerings. ServiceNow, Inc. (NYSE:NOW) focus on leveraging AI for business transformation, combined with its recent strategic partnership, positions it for continued success in the technology industry. This, along with the significant upside potential from the current market price, makes ServiceNow an attractive option for investors looking to capitalize on the company’s growth and future prospects.