Why Analysts Still Back ServiceNow (NOW) With $1,300 Target Despite Pullback

ServiceNow, Inc. (NYSE:NOW) is one of the Trending AI Stocks on Wall StreetOn August 4, Citizens JMP analyst Patrick Walravens reiterated a “Market Outperform” rating on the stock with a $1,300.00 price target.

The firm met with ServiceNow’s investor relations team on Thursday, coming away optimistic on the stock. In particular, they observed the latest demonstration of the AI Control Tower product and AI Agents in AI Agent Studio.

The team included VP of Investor Relations Darren Yip, Senior Manager of Investor Relations Andrew Libert, and investor relations members Christine Bancroft and Alexander Yuan.

Why Analysts Still Back ServiceNow (NOW) With $1,300 Target Despite Pullback

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“We saw the latest demonstration of the AI Control Tower product as well as a demonstration of AI Agents in AI Agent Studio, and after the stock has decreased 14% year to date versus an increase of 6% for the Russell 3000.”

ServiceNow, Inc. (NYSE:NOW) is a technology company that offers a cloud-based software platform for automating business workflows within an enterprise.

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.

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Disclosure: None.